SFTR Webinar Video: Reporting comes out of the shadows
On Tuesday we ran a successful webinar to discuss the many issues with achieving compliance with SFTR. An HD recording of the event is available at the RegTek.Solutions site.
For convenience here are the notable time points:
- 0:01:13 - Background on SFTR with Mark Steadman, DTCC
- 0:01:59 – Timeline discussion
- 0:05:40 - Question on FNMA issuing their own SFTR equivalent
- 0:07:17 – Roles and responsibilities with Paul Bradford ING
- 0:18:25 – Question on whether firms are obliged to report on behalf of non-financial counterparties
- 0:21:12 – Question on how SFTR will affect the re-use of securities
- 0:23:18 – Question on whether ESMA will clarify the reporting obligation on the re-use of Commodities
- 0:24:34 – Data requirements and heatmap – Simon Davies, TFE
- 0:31:05 – Question on whether the CCP model is easier for reporting
- 0:36:35 – The project approach with Simon Davies, TFE
- 0:36:49 – Interactive poll results
- 0:37:55 – Continuation of the Project approach with Simon
- 0:42:13 – Learning from previous reporting projects and regulations with Fabian
- 0:51:47 – Testing approaches
- 0:53:04 – Question on the uptake of pre-matching services for stock borrow/loan
- 0:54:16 – Discussion on data volumes
- 0:58:28 – Question on reporting intraday positions
- 1:02:19 – Question on how will Brexit affect SFTR?
- 1:03:46 – Closing statements by each speaker
SFTR will creep up on firms by 2019, join us to get ahead of the game and hear perspectives from every angle. We have Paul Bradford, Head of Stock Loan and Repo trading at ING who will provide views on the effect of SFTR on the trading desk. Fabian Klar from REGIS-TR will explain their plans, and compare SFTR to other reporting regulations. Simon Davies will paint a picture of what an SFTR compliance plan should look like, and how long you need to be ready. Mark Steadman will update us on the Deriv/SERV plans and how SFTR will impact other streams of reporting. Alan McIntyre will contrast implementing SFTR with previous projects, and explain where re-use of previous infrastructure can be made. Other areas for discussion include changes to business processes, reconciliation requirements, data volumes, data formats, delegated reporting, the quality of the actual regulatory text, and your counterparties involvement.
- Paul Bradford: Head of Stock Loan and Repo Trading at ING
- Fabian Klar, VP Business Development at REGIS-TR
- Simon Davies, Senior Consultant at The Field Effect
- Mark Steadman, European Head of Product Development, DTCC Deriv/SERV
- Alan McIntyre, Senior Business Analyst, RegTek.Solutions
- How does SFTR affect a trading desk?
- Will SFTR change trading behaviour?
- What are the plans at REGIS to support SFTR?
- How does SFTR compare with OTC reporting?
- What is being said in the market about preparing for SFTR?
- What would a typical SFTR project look like? (content and timing)
- Tell us about the data requirements for SFTR – how do they compare with futures reporting?
- What are the plans at DTCC to prepare for SFTR?
- How will SFTR change business processes?
- What are the reconciliation requirements for SFTR?
- How can firms re-use their previous reporting platforms for SFTR?
- How well are the regulations from ESMA written?
- Does the volume of data for SFTR bring new challenges?
- How would delegated reporting work for SFTR?
- Does SFTR require cooperation from your counterparties?