New reporting requirements for securities financing transactions will be introduced next year. According to the new Securities Financing Transactions Regulation (SFTR), all financial institutions and non-financial institutions in Europe will be subject to stricter reporting requirements regarding business, security and partner information for securities financing transactions (e.g. Repos, securities lending or lombard transactions) from 2019 on. These reports must be transmitted to a trade repository such as REGIS-TR or DTCC.
To discuss the new regulation, BearingPoint organizes a series of roundtables across Europe with representatives of the banking industry.
The first roundtable took place on May 9th, 2018 in Frankfurt am Main., Germany, and followed by a roundtable in Vienna, Austria on May 17th, 2018. Our experts talked about the contents, challenges and solutions for a targeted implementation of the SFTR. A comparison with other reporting obligations such as EMIR or MiFIR was also drawn up. With informative presentations by BearingPoint experts as well as guest speakers from Allianz Global Investors and the trade repositories DTCC and REGIS-TR., followed by lively discussions with the delegates, the events proved to be a great succeess and confirmed the relevance of this topic to the banking industry.
Due to the great interest, the roundtable event series is being extended: The next SFTR roundtable will take place in Helsinki on June 6, 2018.
If you would like to find out more about other SFTR roundtables planned as well as our solutions and services for transaction reporting, don't hesitate to contact us.