Post trade execs gathered at FOW’s second Post Trade forum Wednesday
The reporting requirements under European
regulatory directive Mifid II are set to increase the amount of
data that firms must report to newly-created entities, with
market experts warning that this will require significant
upgrade work to systems.
"The new landscape presents a huge data
challenge, with the information set to use centralised data
hubs to ensure quality and standardisation ahead of it being
submitted for reporting; validating that you have done a trade
and it has the right information attached will be a lengthy
process," said David Masters, head of operations regulatory
reporting production, Societe Generale, told the FOW Post-Trade
event on Wednesday.
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