It’s no secret that the major reporting regimes – MiFID II, EMIR, MiFIR, REMIT, CSDR, SFTR, FinfraG – have drastically impacted the European financial industry.
The level and volume of new regulations that businesses, firms, providers, and organisations are still adjusting to is only the beginning. Transaction reporting will continue to have a large impact on the infrastructure, resources, and budgets of organisations, providers, firms, and subsidiaries well into the future.
Citrin Cooperman Partner and Financial Services Practice Leader Alexander Reyes joined the Hedge Fund Association to moderate a webinar, “LIBOR Transition.” As LIBOR, the globally accepted key benchmark interest rate is set to be phased out by the end of 2021, it is critical to stay up-to-date with the latest.
MasterSnacks Cryptocurrency: Operational and Internal Considerations for Comp...Citrin Cooperman
Any organization holding or transacting in Bitcoin or other cryptocurrencies must make efforts to secure those digital assets by performing a full assessment of the risks associated with them. In this session, we covered valuable information on operating in the brave new world of Bitcoin and other digital assets. Key takeaways included:
Cryptocurrency basics
An overview of internal controls and environments
Wallets and separation of duties
Impact 2013: How Technology is used for real-time monitoring of Dodd-Frank Tr...jKool
Presentation delivered at IBM IMPACT 2013
Dodd-Frank Trade Reporting regulations were enacted to ensure improved transparency and accountability for trade execution and reporting. However, there are key challenges such as: how do swap dealers ensure compliance and how can this be done in real-time as the windows for course correction are small.
-Real-time trade surveillance across the lifecycle of a reportable trade
- NACK Management
- How to provide visibility in real-time to actual or potential breaches in responsibility with the flexibility to change as the regulation evolves
- See the video at: http://www.nastel.com/dodd-frank-webinar.html
Citrin Cooperman Partner and Financial Services Practice Leader Alexander Reyes joined the Hedge Fund Association to moderate a webinar, “LIBOR Transition.” As LIBOR, the globally accepted key benchmark interest rate is set to be phased out by the end of 2021, it is critical to stay up-to-date with the latest.
MasterSnacks Cryptocurrency: Operational and Internal Considerations for Comp...Citrin Cooperman
Any organization holding or transacting in Bitcoin or other cryptocurrencies must make efforts to secure those digital assets by performing a full assessment of the risks associated with them. In this session, we covered valuable information on operating in the brave new world of Bitcoin and other digital assets. Key takeaways included:
Cryptocurrency basics
An overview of internal controls and environments
Wallets and separation of duties
Impact 2013: How Technology is used for real-time monitoring of Dodd-Frank Tr...jKool
Presentation delivered at IBM IMPACT 2013
Dodd-Frank Trade Reporting regulations were enacted to ensure improved transparency and accountability for trade execution and reporting. However, there are key challenges such as: how do swap dealers ensure compliance and how can this be done in real-time as the windows for course correction are small.
-Real-time trade surveillance across the lifecycle of a reportable trade
- NACK Management
- How to provide visibility in real-time to actual or potential breaches in responsibility with the flexibility to change as the regulation evolves
- See the video at: http://www.nastel.com/dodd-frank-webinar.html
Presentation to Ukraine Commodity Market Development Conference
The author of the presentation: Kevin Piccoli, Commodity Futures Trading Commission (US)
Forward-Looking Practices in Wealth ManagementCognizant
To keep up with growing regulations in wealth management sector, firms need to future-proof their operations with a robust risk-control system and transparent trading practices.
Increasing regulatory complexity for technology companiesNichole Jordan
A brief overview of the ever-evolving regulatory landscape in the tech industry—including: recent tech transformation, U.S. and international regulations, tech compliance, shaping public policy for the technology industry. If you find this presentation useful, connect with me on LinkedIn: http://bit.ly/NJGTLI
Streamlining for success: M&A divestment and separation trendsEversheds Sutherland
Divestments are a complex, challenging and necessary part of the business lifecycle. Despite this, up until the financial crisis they received little attention in strategic M&A reviews. We will consider the implications of the research published in our recent Global M&A report, Streamlining for success, along with the challenges of managing divestments and lessons learnt in recent years.
What will the financial advice process look like in 2025?IRESS
Technology and regulatory change are transforming financial advice as we know it. From MiFID II to PSD 2, see what the future of advice will look like.
Has the initial goal of bringing order to the financial markets been achieved?
Has there been an overreaction and new regulations have inhibited the free market system and specifically liquidity?
What clarity of legal thought has now evolved which can be trace through the various regulations and does it enhance established legal principles?
Is there now an emerging need for deregulation to re-dress the balance of new regulations?
2
TRUST. IP and Technology Update - IT Audit Toolkit for CIOs and General Couns...Jan Lindberg
Planning the right strategy to survive third-party licence audits is essential to minimizing your expenses that arise out of third-party audits. In this article, we aim to provide experiences from recent IT disputes from the customer’s or target company’s perspective, as well as tools for handling different technology licensing related breach of contract and copyright infringement claims after licence audits.
Managing Big Data: A Big Problem for BrokeragesBroadridge
Reliable mutual fund invoicing and analysis has been challenging the industry for years due to the regulatory environment and other factors, and in this report we explore key concerns, current approaches, and the way forward. Based on in-depth interviews with financial services executives, this paper uncovered the significance of a data management and analytical challenge facing brokerages, which has led to lost revenue, increased compliance and reputational risk, and lost sales opportunities.
FTI Consulting is a global business advisory firm that is uniquely positioned to provide holistic expert advice to businesses that are facing financial distress due to the impact of COVID-19 and companies seeking government support through the CARES Act.
Solving Financial Constraints with Innovative Funding SolutionGilbert Tam 譚耀宗
After the credit crunch in 2008, SMEs though they are amounted to the 80-90% of business activites but their access to funding has been greatly impacted by the traditional lenders, banks, that after the 2008 credit cruch are reluctant to maintain such business if no "bricks and mortar" are provided by sellers.
Presentation to Ukraine Commodity Market Development Conference
The author of the presentation: Kevin Piccoli, Commodity Futures Trading Commission (US)
Forward-Looking Practices in Wealth ManagementCognizant
To keep up with growing regulations in wealth management sector, firms need to future-proof their operations with a robust risk-control system and transparent trading practices.
Increasing regulatory complexity for technology companiesNichole Jordan
A brief overview of the ever-evolving regulatory landscape in the tech industry—including: recent tech transformation, U.S. and international regulations, tech compliance, shaping public policy for the technology industry. If you find this presentation useful, connect with me on LinkedIn: http://bit.ly/NJGTLI
Streamlining for success: M&A divestment and separation trendsEversheds Sutherland
Divestments are a complex, challenging and necessary part of the business lifecycle. Despite this, up until the financial crisis they received little attention in strategic M&A reviews. We will consider the implications of the research published in our recent Global M&A report, Streamlining for success, along with the challenges of managing divestments and lessons learnt in recent years.
What will the financial advice process look like in 2025?IRESS
Technology and regulatory change are transforming financial advice as we know it. From MiFID II to PSD 2, see what the future of advice will look like.
Has the initial goal of bringing order to the financial markets been achieved?
Has there been an overreaction and new regulations have inhibited the free market system and specifically liquidity?
What clarity of legal thought has now evolved which can be trace through the various regulations and does it enhance established legal principles?
Is there now an emerging need for deregulation to re-dress the balance of new regulations?
2
TRUST. IP and Technology Update - IT Audit Toolkit for CIOs and General Couns...Jan Lindberg
Planning the right strategy to survive third-party licence audits is essential to minimizing your expenses that arise out of third-party audits. In this article, we aim to provide experiences from recent IT disputes from the customer’s or target company’s perspective, as well as tools for handling different technology licensing related breach of contract and copyright infringement claims after licence audits.
Managing Big Data: A Big Problem for BrokeragesBroadridge
Reliable mutual fund invoicing and analysis has been challenging the industry for years due to the regulatory environment and other factors, and in this report we explore key concerns, current approaches, and the way forward. Based on in-depth interviews with financial services executives, this paper uncovered the significance of a data management and analytical challenge facing brokerages, which has led to lost revenue, increased compliance and reputational risk, and lost sales opportunities.
FTI Consulting is a global business advisory firm that is uniquely positioned to provide holistic expert advice to businesses that are facing financial distress due to the impact of COVID-19 and companies seeking government support through the CARES Act.
Solving Financial Constraints with Innovative Funding SolutionGilbert Tam 譚耀宗
After the credit crunch in 2008, SMEs though they are amounted to the 80-90% of business activites but their access to funding has been greatly impacted by the traditional lenders, banks, that after the 2008 credit cruch are reluctant to maintain such business if no "bricks and mortar" are provided by sellers.
Deloitte Dbriefs Program Guide | April - June 2014Franco Ferrario
Object : Anticipating tomorrow's complex issues and new strategies is a challenge. Stay tuned in with DBRIEFS Llive webcasts that give you valuable insights on important developments affecting your business
Uploaded by Franco Ferrario Technologies Executives ; Deloitte Evangelist
A presentation a friend and I worked on while brainstorming ideas for a technology startup. Our objective was to explore opportunities in industries we're familiar with and industries we believe are ripe for disruption. The presentation lays out key industry metrics and profiles successful companies (somewhat startup-focused) within each industry.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. The Future of Transaction Reporting
Alexia Kokkinou
29 November 2019
www.p9dt.com
2. Point Nine Friday, 29 November 2019
Table of Content
Table of Content 2
Introduction 3
What is the Purpose of Transaction Reporting? 3
What Does Your Firm Need to Do? 3
All About Reporting: Reportable vs. Non-Reportable Transactions 5
Reportable Transactions 5
Non-Reportable Transactions 5
The Reg Tech Solution 6
How Point Nine Can Help 6
www.p9dt.com 2
3. Point Nine Friday, 29 November 2019
Introduction
It’s no secret that the major reporting regimes – MiFID II, EMIR, MiFIR, REMIT, CSDR,
SFTR, FinfraG – have drastically impacted the European financial industry.
The level and volume of new regulations that businesses, firms, providers, and organisations
are still adjusting to is only the beginning. Transaction reporting will continue to have a large
impact on the infrastructure, resources, and budgets of organisations, providers, firms, and
subsidiaries well into the future.
As we look to the future of European regulatory reporting, it will continue to require a deep
understanding of the primary regulations. And we must ask ourselves, how will organisations
and enterprises react to new regulations as they emerge? How will they deal with the
constraints? What are the future goals?
In this article, we will not only review the current transaction reporting requirements and what
they mean for firms, organisations, enterprises, and providers, but we will also look at the
future of transaction reporting.
What is the Purpose of Transaction Reporting?
Transaction reports help to protect investors, consumers, and enterprises from fraud, abuse,
crime, and the mishandling of information as well as the overall integrity of the European
financial system. These reports provide data related to transactions, their sources, and other
details.
Although transaction reports have ensured a level of accountability and increased
transparency more than ever before, they have created numerous challenges among
organisations, firms, enterprises, and providers, specifically related to data accuracy and
quality.
What Does Your Firm Need to Do?
In an effort to reduce the risks of data inaccuracy and poor-quality reports, organisations,
trading venues, and other investment firms have adopted technology and established
processes in order to reduce the amount of manual work involved in reporting. Many have
partnered with third-party providers to ensure accurate and quality reporting.
For example, the MiFID II reporting regime mandates that investment firms and organisations
submit both qualitative and quantitative data in their transaction reports. In short, quantitative
www.p9dt.com 3
4. Point Nine Friday, 29 November 2019
data measure values and are often expressed in numeric form (i.e. how many, how often,
and how much).
In regards to quantitative data, we refer to the classes of financial instruments, which include
the following:
• Equities
• Debt instruments
• Interest rates
• Credit
• Currency
• CFDs
• Emission Allowances
• Securities
On the other hand, qualitative data are measures of ‘types’ and may be represented by a
name, symbol, or a number code. Therefore, in regards to measuring and capturing
qualitative data with respect to financial instruments, we have provided the following chart:
www.p9dt.com 4
5. Point Nine Friday, 29 November 2019
All About Reporting: Reportable vs. Non-Reportable
Transactions
One of the biggest questions to arise from the launch and enforcement of MiFID II is what
exactly are companies, enterprises, firms, and service providers required to report? What
exactly are considered reportable and non-reportable transactions?
Reportable Transactions
Here are examples of reportable transactions:
• Financial instrument transfers between funds or portfolios are reportable as they
constitute an acquisition and disposal when transferred from one fund or portfolio to
the other.
• A transfer from an account held by one client to a joint account where the client is
one of the joint holders
• Any and all activities related to IPOs, secondary public offerings or debt insurance—
particularly those without allotment rights
• The acquisition of shares
• The acquisition and/or disposal of financial instruments
• Exercising a financial instrument or convertible bond
Non-Reportable Transactions
• Custodian/nominee moves financial instruments from one depository bank to another
depository institution
• A client transfers financial instruments to a custodian/nominee to hold in its custodial/
nominee account as it is solely connected to custodial activity
• The creation and redemption of a fund by the fund administrator
• Exercising a financial instrument such as an option, a covered warrant, a convertible
or exchangeable bond, an allotment right or a subscription right by the owner of the
financial instrument
• The delivery of financial instruments to investment firm
• The acquisition or disposal in connection with mergers, takeovers, insolvency
proceedings, stock splits or reverse stock splits
www.p9dt.com 5
6. Point Nine Friday, 29 November 2019
• The creation, expiration or redemption of a financial instrument as a result of pre-
determined contractual terms, or as a result of mandatory events
• The issuance of script dividends
• Acquisitions under dividend reinvestment plans
• An exchange or tender offer on a bond or other form of securitised debt where the
terms and conditions of the offer are pre-determined
• Securities Financing Transactions (SFTs)
The Reg Tech Solution
As we mentioned briefly above, in an effort to keep up with the MiFID II and MiFIR reporting
requirements, many organisations and firms were forced to adopt technology, acquire new
talent and resources, and build processes to support the new reporting requirements and to
also ensure they submit timely and accurate data and information.
Above all, perhaps the greatest challenge is that we don’t know what regulations will become
mandatory a year, or even six months from now. This level of uncertainty has made many
firms uneasy.
However, in an effort to reduce the risks associated with these unique challenges is firms can
save as much data and information as possible from every source in the cloud. Therefore,
data is readily available should new reporting questions and fields be required in the future.
Implementing, documenting, and managing complex manual processes is transformed into
implementing, documenting, and managing code.
How Point Nine Can Help
Point Nine specializes in working with businesses, enterprises, and large custodians with
their reporting processes. The team provides automated reporting solutions, which include
the following:
✓ Connectivity to all market participants—our automated solution can be adjusted and
tailored to our clients’ internal and external data sources
✓ Fetch or receipt of raw data
✓ Eligibility of reportable transactions✓ Enrichment of raw data
✓ Validations and matching of data before submission of the report
✓ Fully automated solution
✓ Connectivity to National Competent Authorities and ARMs
✓ Acks/ Nacks processing and exception management
✓ Bespoke Business Rules
www.p9dt.com 6
7. Point Nine Friday, 29 November 2019
✓ Validations as per ESMA, ARM, and NCA rules
✓ GDPR compliant
✓ Web-based solution
✓ End of day reports
✓ Full audit trail
The team at Point Nine has served hundreds of organisations, enterprises, providers, and
firms over the years, and has helped them with their reporting needs. To learn more about
how we can help you, contact our team today.
www.p9dt.com 7