In a webinar, market participants explore the key components of a SFTR action plan including strategic options, how to overcome common operational obstacles and establish a plan aligned with industry standard practices.
Many firms will be squarely focused on the Securities Financing Transactions Regulation (SFTR) in 2018 as the deadline nears and plans to comply with this new reporting requirements need to be crystallized and implemented. Market participants may leverage past experiences with reporting under EMIR and MiFID II however, the differences between these regulations highlights the unique challenges SFTR poses and the strategic decisions firms face as they work to ensure a smooth operation and timely compliance.
In this DerivSource webinar, the panel will explore the operational challenges (data, reconciliation and manual processes) firms are likely to face and the questions they will grapple with (to delegate or not) as they map out their SFTR plan of action. Tune into this live webinar to also hear from leading industry bodies on how they are working to help their members and assess the overall impact this new regulation will have on the securities financing and repo markets.
The panel will review the following questions.
• What are the principal requirements of SFTR and what is the timeline?
• How does SFTR compare to reporting requirements under MiFID II and EMIR?
• How can firms leverage past experiences and efforts in meeting SFTR reporting requirements?
• How are firms looking to solve operational challenges they face as they work to report SFTs?
• Should firms look to report SFTs directly to TRs or use intermediaries?
• What are the pros and cons of delegated reporting?
• How are big industry lenders working to support the market in this new regulatory requirement?
• How are industry bodies supporting firms and the industry at large as they work to meet this new regulatory requirement?
Valentino Wotton, Managing Director, DTCC Deriv/SERV
Alexander Westphal, Director – Market Practice and Regulatory Policy, International Capital Market Association (ICMA)
David Masters, Director – Operations Regulatory Reporting – Referential Data Coordinator, Societe Generale
James Day, Head of Securities Finance for EMEA, BNY Mellon