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2022 survey finds stark contrast between European and US financial regulation readiness

While the importance of global regulatory reporting continues to increase, there is a noticeable contrast between readiness across geographies, according to the S&P Global Market Intelligence Cappitech’s fifth annual Global Regulatory Repo...
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Compliance Blog

2022 survey finds stark contrast between European and US financial regulation readiness

While the importance of global regulatory reporting continues to increase, there is a noticeable contrast between readiness across geographies, according to the S&P Global Mark...

Cappitech Starts November with Two Significant Industry Awards

November has kicked off with a bang, with the announcement on Friday, 4 November that we won two significant industry awards: Best Buy-Side Compliance Product – Regulatory Report...

Activity Never Stops

New Regulations, New Services and New Industry Collaborations With less than three months to go until the CFTC Rewrite deadline, we’re extremely pleased that most of our in-sc...

European Parliament & Council Approves EMIR REFIT Technical Standards

Today, the European Parliament and Council approved the EMIR REFIT technical standards, and this has been published in the Official Journal of the EU. The implementation clock will...

Preparing For EMIR REFIT – Unique Product Identifier (UPI)

In this month’s EMIR REFIT preparation blog, we take a look at the newly introduced Unique Product Identifier (UPI) field. The UPI is part of a new group of common data elements ...

Preparing for EMIR REFIT – Should you start preparing?

There is no shortage of content discussing the upcoming EMIR REFIT update to technical standards and its addition of new fields, submission format and approach to lifecycle reporti...

CFTC Rewrite: Weathering the Storm Successfully

As the December 5th, 2022 deadline draws closer, the industry is working on implementing changes for the CFTC rewrite and moving into testing phase. Changes in the first phase incl...

Change Is the Only Constant in Regulatory Reporting

As summer sets in, and the traditional “quiet-time” for the financial services industry begins, we’re nonetheless aware that there’s a great deal happening on the regulator...

Key Takeaways from “The Future of Regulatory Compliance” New York Event

On June 14th, we hosted “The Future of Regulatory Compliance” client event in New York City. We welcomed clients and partners to hear from industry experts on key topics around...

Preparing For EMIR REFIT – More variety in the Collateralization field

Continuing in our monthly EMIR REFIT preparation blog, today we take a look at changes arriving to the collateralisation field. On the surface, the collateralisation field should b...
JFSA Rewrite

Latest Update on JFSA Go-Live Date

The JFSA will be implementing the revision of Article 156 of the Financial Instruments and Exchange Act as of April 2024. Key elements that have already been confirmed include: ...
Best Regulatory Solution of the Year Award

Winner of “Regulatory Solution of the Year” at Securities Finance Times Industry Excellence Awards 2022

Global Regulatory Reporting Solutions from S&P Global Market Intelligence was thrilled to be the recipient of the award for “Regulatory Reporting Solution of the Year” at l...

“Best Solution for Sell Side Regulatory Compliance” in RegTech Insight Awards Europe 2022

At today’s announcement lunch for the winners of the annual RegTech Insights Awards-Europe. We were proud to win “Best Solution for Sell-Side Regulatory Compliance”. Commenti...

Preparing For EMIR REFIT – The New Direction Fields Format

Last month Global Regulatory Reporting Solutions S&P Global Market Intelligence launched its EMIR REFIT preparing series. As we get closer to EMIR’s new technical standards t...
EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation

Preparing For EMIR REFIT – New Counterparty Fields

At S&P Global’s Global Regulatory Reporting Solutions (GRRS) division, one of the areas of top questions we receive is about the upcoming changes to EMIR under the new techni...

SFTR ESMA Review shows data quality matches that of EMIR

Earlier this month, ESMA published their 2021 EMIR and SFTR data quality report. After our initial blog this week focused on EMIR results, today we take a look at ESMA’s review o...

    ESMA EMIR Report Shows Pairing & Matching Continue to be Low but Valuation Errors Improve

    ESMA was in a serious mood on April fools’ day as they used the first of the month to publish their 2021 EMIR and SFTR data quality report. The annual report covers analysis from...
    How to prepare for the JFSA rewrite

    What Is the JFSA Rewrite and How to Prepare for It?

    The JFSA Rewrite – why it matters Financial firms around the world are facing more challenges in fulfilling their transaction reporting obligations and the Japanese regulator ...

    Six takeaways from firms interpreting and implementing MAS OTC derivative reporting rules

    The final phase of MAS OTC derivative reporting, governing all asset classes across financial institutions and corporates, went live on 1 October 2021. How are firms handling th...
    IHS Markit Risk Award 2022

    IHS Markit wins “Regulatory Reporting Product of the Year” at the Risk Market Technology Awards

    After an extraordinary year which included integrating the IHS Markit and Cappitech business, we were extremely proud to be awarded the Regulatory Reporting Product of the Year at ...

    CFTC Rewrite Delay Announcement

    Yesterday, the CFTC’s Division of Data issued the long-awaited confirmation on the CFTC rewrite delay to December 5, 2022, pushing it out by 6 months, from the initial compliance...

    Brexit Divergence a Year Later: Update on EMIR, MIFIR and SFTR Changes

    After years of buildup and worry, when Brexit went into effect last January, divergence between EU and UK versions of EMIR, MIFIR and SFTR transaction reporting regulation was mini...
    IHS Markit Survey

    IHS Markit’s Fourth Annual Global Regulatory Reporting Survey Results

    For 2022, IHS Markit survey highlights efforts to prepare for EMIR REFIT but a corresponding lack of preparedness for CFTC. In the US, preparedness for the 2022 CFTC Rewrite is ...
    SEC 10c-1

    What is the proposed SEC Rule 10c-1?

    As most Americans were preparing for the Thanksgiving week ahead, the Securities and Exchange Commission (SEC) were busy putting the finishing touches on a voluminous proposal that...

    Overhauling regulatory reporting systems – a unique window of opportunity

    It’s been a busy few years for firms with regulatory reporting obligations. Across jurisdictions and types of institutions, regulators have stipulated new and/or enhanced reporti...

    Lessons learned a year into SFTR regulation

    Following the go-live of the Securities Financing Transactions Regulation (SFTR) in July 2020, IHS Markit and Pirum’s SFTR Post-Implementation Industry Survey, conducted a year l...

    Are you ready for MAS OTC Derivatives Reporting Next Month?

    Next month is going to be busy for Singapore-regulated companies as the final phase of MAS OTC reporting will go live on 1st October 2021. As compared to the previous phases, this ...

      SFTR validation rules and XML schemas changes: behind the scenes…

      On 29 July 2021, one year after the Securities Financing Transactions Regulation (SFTR) went live, ESMA has published updated SFTR validation rules and XML reporting schemas. ES...

        The SEC SBSR & CFTC Makeover – Where to from here?

        After the 2008/2009 global financial crisis, regulators around the world came up with a series of mandates and objectives that aimed to prevent and minimize another crisis in the f...

          The Changing Trade Repository Landscape – What We Have Learned & How it Can Help You

          Last year saw the closure of CME’s Trade repositories (TR) and their reporting services in Europe and Australia. Recently, UnaVista announced that it will be withdrawing its SFTR...

          Unavista Closing SFTR Trade Repository, Next Steps?

          The announcement of UnaVista exit from the SFTR reporting space is yet another twist in the regulatory reporting landscape. In the space of about 12 months, the marketplace has see...

          What is EMIR Reporting? 2021 Edition

          Going live in 2014, EMIR reporting regulation has gone through a number updates in its seven year lifetime. With changes arriving with Brexit along with the REFIT update, it is tim...

          IHS Markit and Pirum Survey: SFTR Inspires Firms to Consolidate Processes for Regulatory Reporting Regimes

          Following the final go-live phase of SFTR in January 2021, this new survey examines whether industry expectations were met, what key challenges remain for SFTR reporting, as well a...

            IHS Markit wins Best Analytics Tool at HFM European Technology awards

            We are proud to have been awarded Best Analytics Tool at the HFM European Technology awards today. These awards recognise hedge fund service providers who have demonstrated “exce...

              IHS Markit wins Most Innovative Regulatory Solution at Inside Market Data awards

              IHS Markit Global Regulatory Reporting Solutions has been awarded Most Innovative Regulatory Solution at the Inside Market Data and Inside Reference Data Awards today. This prestig...

              IHS Markit wins multiple awards at RegTech Insight Awards Europe 2021

              Alongside firm wins for Best Transaction Reporting Solution and Best Compliance as a Service Solution, Ron Finberg, Business Development Director, Global Regulatory Reporting Solut...

              IHS Markit’s Global Regulatory Reporting Solution for Multi-jurisdictional Trade Reporting selected by Banco Santander

              Click here to read more    

                Data Harmonization and Regulatory Reporting – The Holy Grail?

                2021 is already shaping up to be a transformative year for regulatory trade and transaction reporting. With Dodd-Frank reporting hitting the eight-year anniversary this year and EM...

                  DTCC proposes withdrawal of FpML support for North America trade reporting – how does this impact your CFTC/SEC reporting?

                  Many firms are in the midst of preparations for the CFTC rewrite due to go live in May 2022, the first significant change since the reporting rules went live in 2013. The reporting...
                    data review

                    ESMA Publishes Data Quality Findings for EMIR and SFTR

                    Earlier this month, ESMA published their Data Quality Report for EMIR and SFTR . The report was the first review since SFTR went live last July and follows similar annual reviews b...

                    IHS Markit wins “Most Innovative Data Orchestration for Regulatory Reporting” from A-Team Innovation Awards

                    We were thrilled to be awarded “Most innovative data orchestration” in the A-Team Innovation Awards today for our work across the regulatory reporting landscape. The A-Team Inn...

                    IHS Markit wins Best Regulatory Reporting Solution at HFM European Services Awards

                    At a virtual awards ceremony held today, we were proud to receive the Best Regulatory Reporting Solution award in the HFM European Services Awards. These prestigious awards aim to ...

                    LEI of the Issuer in Securities Financing Transaction Regulation

                    In 27 days, non-European issuer's Legal Entity Identifiers (LEIs) of International Securities Identification Numbers (ISINs) will become mandatory for Securities Financing Tran...

                    2021: The Year for Getting 3-Way Trade Reconciliation Right

                    Trade reconciliation is nothing new, but it is becoming a hot topic in the regulator’s eyes. Yet despite trade reconciliation being mandated for a while under RTS 22 Article 15 c...
                    EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation

                    EMIR Update Brings Changes to Margin Reporting in March

                    In terms of the future of EMIR Reporting, the REFIT is slated to bring a major update to the technical standards in Q4 2022 or Q1 2023 (more on REFIT). Before those big changes tak...

                    Why Consolidate your Regulatory Reporting Now?

                    Even with Brexit, Covid and the Global economy under pressure, now could be a great time to consolidate your regulatory reporting. Brexit and Covid have created the perfect environ...

                      IHS Markit acquires regulatory compliance technology provider Cappitech

                      Deal further expands IHS Markit’s global regulatory reporting capabilities, providing a single unified platform for global transaction reporting London (January 11, 2021) – IH...
                      EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation

                      EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation

                      Earlier this month, ESMA published their Final Report on Technical Standards (RTS and ITS) for EMIR REFIT. The report is a culmination of updates to EMIR that were initially propos...
                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit

                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit

                      On Monday, ESMA published their latest update to their EMIR Q&A document. Included in the questions is the status of derivative contracts executed on UK venues following Brexit...
                      2020 Year in Review

                      Cappitech 2020 Year in Review

                      I think we are all silently relieved that this bumpy year will soon be behind us and with the arrival of the vaccine, 2021 looks promising. Despite the challenges that we have all ...
                      EMIR Reporting of Financial PPA

                      Financial PPAs and EMIR Reporting

                      In our webinar last week titled EMIR’s Present and Future, we highlighted some of the coming changes to coming regulation. In addition, we covered a few current trends firms shou...

                      FCA Taking Last Steps for UK FIRDS Launch

                      With the Brexit transition period set to expire at the end of the year, the FCA is putting in place systems to operate their versions of ESMA reporting regulation. For MIFID II Tra...

                      Cappitech Wins “Best Data Visualisation Provider” In Data Management Insight Awards 2020

                      Industry-wide recognition for reporting dashboard that offers accessible insights derived from high volumes of transaction data We are pleased to have won ‘Best Data Visualisati...

                      Cappitech Appoints Sales Manager For Switzerland, France, Luxembourg And Belgium

                      New hire comes on the back of Cappitech’s accelerated growth in 2020 and further supports its growth in the region.   Cappitech has appointed Fabrice Bensimon as Sales Man...
                      Cappitech won Finance Magnates Award 2020

                      Cappitech wins the Finance Magnates 2020 “Best Regtech Reporting Solution” Award

                      At a special virtual awards ceremony last night, bringing to a close the 2020 Finance Magnates Virtual Summit, Cappitech won Best Regtech Reporting Solution in the 2020 Finance Mag...
                      Cappitech Data Visualisation

                      Data visualisation for transaction reporting

                      “A picture is worth a thousand words”.  This is as true for data as it is for art. With the advent of big data, there is a tremendous need to manage, interpret and communi...

                      Cappitech Industry Survey: Transaction Reporting Continues to Challenge

                      Cappitech survey highlights inefficiencies and errors as reason to change reporting, with new and changing regulations, market changes and the Coronavirus key concerns Cappitec...

                      Are you a Small Financial Counterparty under EMIR Refit? And what does it mean if you are?

                      One of the less trumpeted changes to be introduced by the EMIR Refit, adopted last year, was the creation of a new category of entity, the Small Financial Counterparty. Just as ...

                      FCA Continues MIFID II Focus with Market Watch 65

                      Back in April during Cappitech’s webinar titled ‘MiFID II & EMIR Reporting for the Buyside - Do's and Don'ts’ , Mark Kelly from our Advisory Board explained that to under...

                      Morgan Stanley Fined $5m for Swap Data Reporting Errors as CFTC Looks to Improve Data Quality

                      The CFTC announced that it had issued a $5 million fine to Morgan Stanley yesterday for the companies failures in its Swap Data Reporting (SDR). According to the CFTC, since SDR we...

                      Cappitech awarded “RegTech Platform Platinum” winner in Future Digital Awards

                      We are pleased to announce that Cappitech has been awarded the “RegTech Platform Platinum” winner in the Juniper Research Future Digital Awards for Fintech and Pa...
                      MiFID vs MiFIR

                      MiFID II vs MiFIR: Are they the same thing or different?

                      MiFID II regulation came into effect in January 2018 and with it were a bunch of new rules for financial firms. Making things confusing are an array of acronyms referred to when di...

                      Another industry jolt: implications of Deutsche Börse withdrawing from the regulatory reporting market

                      2020 has been a wild ride for the regulatory reporting industry with some of the most unlikely twists and turns we have seen in a long time (and that is not even factoring in COVID...

                      Transaction reporting for hedge funds

                      After winning the HFM European Technology Awards for “Best Regulatory Reporting Solution”, Ronen Kertis, CEO and founder of Cappitech, shared his insights on transaction report...

                      Cappitech awarded “Best Regulatory Reporting Solution” by HFM

                      Today, Cappitech won the “Best Regulatory Reporting Solution” award in the HFM European Technology Forum awards. The award reflects Cappitech’s demonstration of excellent ser...

                      Cappitech completes first vendor-led porting of historical and current data from CME–reports to REGIS-TR

                      With limited time until all porting must be completed, Cappitech calls for financial institutions to ensure they have their porting slots booked and prepared for Cappitech has ...

                      4 Tips for achieving transaction reporting “completeness”

                      As part of our blog trilogy on CAT (Complete, Accurate and Timely) reporting, today we will address the topic of how to achieve regulatory reporting completeness for EMIR, MiFID II...

                      Cappitech expands its end point network with DTCC in support of MAS OTC Derivatives reporting

                      Cappitech announced today the extension of the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC Derivatives transaction reporting through The...

                      Self-reporting vs assisted reporting vs delegated reporting – what is the difference?

                      Ever wondered what the difference is between self-reporting, assisted reporting and delegated reporting and which one is right for you? We often get this question regarding EMIR, M...

                      Four Techniques for Building an Effective Transaction Reporting Solution

                      Regulation and enforcement continue to increase. This year alone we have seen several new regulations or adjustments to existing regulations being introduced, despite a world-wide ...

                      Cappitech selected as a “Top 21 RegTech Company” & “Big Disruptor” in the regulatory reporting vertical by Medici & EY

                      Recently, Medici and EY released a new analysis of the RegTech market to identify the top 21 companies offering innovative Regtech solutions across different regions and segments. ...

                      10 Tips for achieving MiFID II/MiFIR transaction reporting accuracy

                      As we move away from the formative MiFID II years, it’s time to review how to improve reporting accuracy. For most companies, the nuts and bolts are in place for reporting MiIFID...

                      SFTR goes live for the sell-side, time to think about Reuse obligations for the buyside

                      July 13th has arrived, and today (July 14th), firms officially fall under the T+1 scope of reporting Security Finance Transactions (SFT) under the new SFTR. It has been a rocky ...

                      The Brokers’ Journey to a New Reporting Home Post Market Participants’ Departures

                      Brokers and other financial institutions, already constrained by limited budgets and the Covid- 19 pandemic, are facing a new unexpected challenge as they hurry to implement new pr...

                      Seismic shift or gentle transformation? The fallout of the CME decision

                      The CME has had a long history in the regulatory reporting industry coupled with strong client relationships. Their recent announcement about their departure from Asia and Europe a...
                      Best Compliance As A Service Solution At 2020 Regtech Insights Awards

                      Cappitech Wins Best Compliance As A Service Solution At 2020 Regtech Insights Awards

                      We are pleased to announce that we have been awarded “Best Compliance as a Service Solution” at the 2020 RegTech Insight Awards today. Winners for these awards are selected ...

                      Challenges facing the regulatory reporting industry as a result of CME closure

                      Repercussions from the closure will have far reaching impact on the regulatory reporting community and industry at large Last week’s announcement regarding the closure of CME...

                      What is delegated reporting in EMIR and can it save my firm money?

                      In today’s blog post on the EMIR derivative trade reporting mandate we take a look at delegated reporting. For full disclosure, the parent company of this blog, Cappitech, provid...

                      Preparing for EMIR REFIT Next Month – Reporting for NFC-’s

                      Starting June 18th, 2020, new reporting requirements covering Financial (FC) and Non-Financial Counterparties (NFC) go into effect under EMIR REFIT. The REFIT was enacted on May 20...

                      ESMA readies for SFTR arrival with four trade repositories getting approved

                      The next step of SFTR preparation has been completed as ESMA has approved four Trade Repositories (TRs) for submission of SFT reports. The four firms are DTCC, Unavista, REGIS-TR a...

                      Covid-19 Regulatory Roundup – MAS Postpones, MAR in focus and Best Execution

                      Last month’s announcement from ESMA that they were pushing back the initial go-live date of SFTR was a welcome relief for many. But that hasn’t been the only update from regula...

                      March trading volatility, rising volumes, cross-asset benefits and risk management

                      Declines in global stock markets during March led indexes to record losses. In the US, the Dow Jones had it’s worst ever start to a year, falling 23.2% for Q1. However, the stock...

                      Breaking: ESMA Issues Statement of De-Facto Postponement of SFTR Go-Live

                      As the world deals with the Covid-19 virus, SFTR is set to go live with its first pahase on April 13th in the EU. However, due to shutdowns across Europe and difficulties preparing...

                      Thoughts on the market rout, compliance and working from home

                      Blog post was first published on Finance Magnates . Titled Coronavirus, Compliance, SFTR and Business as Usual (link to original), the article shared views on how the covid-19 viru...

                      FCA publishes Covid-19 relief response with regulatory reporting update

                      After stating earlier this month that they were working on a joint initiative with the Bank of England and other UK regulators to assist with covid-19 market challenges, the FCA pu...

                      Fintech firms AccessFintech and Cappitech announce expansion of partnership

                      Workflow collaboration combined with regulatory compliance delivers greater governance and risk controls in an increasingly scrutinized marketplace AccessFintech, which deliver...

                      CySEC focuses on MiFIR transaction reporting in latest circular

                      After conducting a review of data quality of transaction reports under MIFIR, CySEC has published today their initial observations (link). The circular highlighted five specific fi...

                      ESMA defines SFTR reporting obligations for non-EU AIFs and EU Branches

                      When ESMA published their Final Guidelines for SFTR earlier this month, they answered a number of open questions the investment industry has had about the new regulation. Among...
                      Cappitech Red Deer

                      Red Deer and Cappitech partner to offer a complete solution for MiFID II reporting, Best-Execution Monitoring and MAR compliance

                      Red Deer, the financial technology company dedicated to enhancing the performance of active investment managers, and Cappitech, a leading provider of regulatory reporting and intel...

                      ESMA grants 12 month reprieve of reporting LEIs of non-EU issuers under SFTR

                      In anticipation of the April 11th go-live date of SFTR, ESMA has published number of reports and guidelines clarifying open questions the investment industry has on the new regulat...

                      Discussing Best Execution, CySEC and Best Practices

                      Earlier this month, Cappitech held its first CFD Broker Compliance Working Group in Cyprus. After a number of similar events since the beginning of 2018 in London, we were well ove...

                      Cappitech 2019 Year in Review

                      Record year of growth, product innovation and awards As the year draws to a close, we wanted to share a brief recap of Cappitech’s 2019 news and milestones.  Over the last 12...

                      SFTR questions the financial industry hopes ESMA will answer

                      n May of this year, ESMA opened a public consultation period for industry members to provide their opinions on open questions regarding SFTR’s. Feedback from respondents would th...

                      MiFID II and Other Regulatory Reporting Continues to be Incomplete

                      - Cappitech’s second annual MiFID II & Best Execution survey shows continuing gaps and challenges, with limited positive impact in some areas - Cappitech has completed...

                      How SFTR affects MiFID II Reporting

                      Although there is an overlap between products reported under EMIR and MiFID II’s transaction reporting regulation, SFTR won’t experience the same dual reporting obligation. The...

                      CAPPITECH SELECTED FOR REGTECH 100 LIST

                      Cappitech is proud to announce that it has been included in the RegTech 100 list, the prestigious annual list of 100 of the world’s most innovative RegTech companies compiled by ...

                      ESMA PUBLISHES VALIDATION RULES AND XML SCHEMAS FOR SFTR REPORTING

                      With SFTR set to go live in April of next year, ESMA has published (link) the Validation and XML schemas of the new regulation. The XML structure is part of the ISO 20022 standard ...

                      Cappitech Appoints Mark Kelly To Board Of Advisors

                      We are pleased to announce that Mark Kelly has joined Cappitech's Board of Advisors. Mr Kelly’s 30 years of financial and regulatory expertise will enhance Cappitech’s ability ...

                      Cappitech Recognized as a Gartner “Cool Vendor in Banking”

                      Cappitech as been recognized by the world’s leading research and advisory company, Gartner, as one of four 2019 “Cool Vendors in Banking”1. According to the report, “Gartne...

                      Best Execution Clarity and MAR requirements for Spot FX raised by ESMA

                      With the summer clearly behind us, October has already been a busy month for ESMA. The European financial supervisor began the month published information of new responsibilities t...

                      Cappitech Wins Best Regulatory Reporting Solution at Grant Thornton Regtech Reporting Index Awards

                      Cappitech was awarded “Best Regulatory Reporting Solution” at the inaugural Grant Thornton RegTech Reporting Index awards last night in London. According to Grant Thornt...

                      Intermoney And Cappitech Partner To Offer Regulatory Reporting Services In Spain

                      INTERMONEY CONSULTORÍA, a subsidiary of the CIMD Group, the leading independent brokerage, consulting, asset management, securitization and energy group in Southern Europe, and CA...

                      Best Execution, Costs and Fraud among risks for the Wealth Management industry

                      In June, the FCA published a ‘Dear CEO’ letter aimed at the Wealth Management and Stockbroking industry. The letter covered a number of risks affecting wealth management custom...

                      Discussing CASS, Market Surveillance and Section 166 Reviews

                      Earlier this month, Cappitech hosted its latest CFD Broker Compliance workshop. Widening out from recent focuses on transaction reporting and MiFID II, the breakfast event included...

                      MAS Singapore Derivative Reporting Changes Coming this October

                      In the world of derivative reporting, many countries have used a staggered format to introduce the new regulation. Starting with the largest financial institutions such as banks, t...

                      FIA Recommends End to ETD Transaction Level Reporting under EMIR

                      The FIA, one of the leading trade organizations for exchange traded derivatives (ETD) markets, has recently published their recommendations to regulators regarding reporting ETDs u...

                      IHS Markit to Integrate Cappitech Technology in SFTR Reporting Solution

                      Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry and IHS Markit, a world leader in critical information, analyti...

                      FCA Market Watch 59 addresses Reconciliation and MiFIR Errors

                      The FCA has recently issued their latest Market Watch Report (link). The newsletter is released periodically by the UK financial regulator and focuses on Market Conduct and Transac...

                      Cappitech Wins “Best Regulatory Reporting Solution” In Regtech Insight Awards

                      Cappitech has been awarded “Best Regulatory Reporting Solution” in the RegTech Insight Awards. The awards identify and highlight leading providers of RegTech solutions, service...
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                      MiFID II Compliance and Transaction Reporting Reviews Featured in FCA 2019/20 Business Plan

                      Cappitech Launches MiFID II Market Intelligence Product, Enabling Financial Institutions To Monetise Regulatory Reporting Data

                      Cappitech announces the launch of RTS 28 Market Intelligence, a product that allows financial institutions to use regulatory compliance data to their own advantage. The electronic ...

                      Cappitech launches ‘Insights’ tool for peer review regulatory analysis

                      With MIFID II now over a year old, the focus has moved from mere ‘compliance’ to ‘improving the data quality’ of submitted reports.  Heading into 2018, most EU firms were ...

                      Goldman Sachs and UBS fined £34.3m and £27.6m for Transaction Reporting failures

                      In twin announcements this month, the FCA has fined Goldman Sachs and UBS fined £34.3 million and £27.6 million respectively for MiFID I Transaction Reporting failures. The two i...

                      Cryptocurrency Regulation, Cybersecurity and EMIR Updates Headline Cappitech’s Compliance Breakfast

                      Last week, Cappitech held its quarterly London Compliance Working Group. After four successful events in 2018, this was the first of 2019. The event was held at the CME Grou...

                      Best Execution: Essential for Asset Managers and Hedge Funds Looking to Comply and Improve Performance

                      Yield and performance. The heart of every asset manager's business. The driving force behind the day-to-day activity of buy-side firms. Yet, how many of these firms view complying ...

                      Does Your MiFID II Reporting Meet Regulators’ Standards & is it Brexit Ready?

                      Now that we are a year post MiFID II, it’s fair to assume that most capital markets firms have their houses in order with respect to complying with MiFID II’s extensive rules....

                      FCA and CySEC expanding MiFID II monitoring to Best Execution and RTS 27/28 requirements

                      At the start of 2018, there was an unofficial understanding among EU regulators that they were providing investment firms a six month ‘grace period’ for complying with MiFID II...

                      Cryptocurrency reporting for EMIR and MiFIR may be on their way as ESMA seeks cross-EU standards

                      Where cryptocurrencies fall within EMIR and MiFID II has been an area of debate over the last few years. Specifically, with the popularity of Initial Coin Offerings (ICO) and bitco...

                      ASIC Brings Full Lifecycle Derivative Reporting to CFDs

                      CFDs are the focus of new announced changes from ASIC to their Derivative Reporting regulation (link to announcement). The change will make it mandatory starting from July 1st, 201...

                      Cappitech Named One of the World’s Most Innovative Regtech Companies

                      The 2019 RegTech 100 rankings recognise pioneering companies transforming compliance, risk management and cybersecurity through technology Cappitech, a leading provider of r...

                      Cappitech MiFID II Industry Survey Finds High Percentage of Non-Compliance in Best Execution

                        Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial services industry, todayannounced the results of a survey of over 100 Eu...

                      Trade Reconciliation: Why you need it?

                      MiFID II reporting is now reasonably well established, the reporting issues are recognized by most companies; a topic we recently covered in our MiFID II blog. The reporting pro...
                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit

                      ESMA and NCA review EMIR data quality as Brexit looms

                      Last year, ESMA published guidelines for the transfer of EMIR trades between Trade Repositories (TR). Due to format differences between repositories, ESMA’s goal is to have stand...

                      Cappitech integrates with Trax to streamline MiFID II transaction reporting

                      Agreement enhances customers’ MiFID II reporting capabilities Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial service...

                      ESMA rejects EC Amendments for SFTR, paves way for fewer delays for its implementation

                      ESMA has rejected proposed amendments by the European Commission (EC) to the regulatory technical standards (RTS) of the coming SFTR regulation. If no further amendments are propos...

                      MiFID II – It’s not over yet

                      Mifid II has already celebrated its half-year birthday and while many compliance officers may have wished to celebrate by checking the “done box” on this task, the additional M...

                      Cappitech Dashboard gets an update – what’s new?

                      Of our product features, our dashboard is one that we are very proud of. First released in 2016, the web-based dashboard provides customers a visual display of their regulatory re...

                      Buying RegTech Software? Don’t underestimate the value of these two things

                      Regulation is increasing – no debate there – we all know it and we are all trying to deal with it. The upside is the regtech industry is booming and continually developing sol...

                      Cappitech Expands Trade Reporting Solution in Australia with CME Group Integration

                      Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial services industry, today announced hat it has expanded its integrated reporting ...

                      What Regulators do with your MiFID II data, EMIR Changes and Compliance Updates

                      MiFID II has hit the half year mark, which means regulators now have six months of data to look at. To delve deeper as to what ESMA and local National Competent Authorities (NCAs) ...

                      ‘No LEI no Trade ‘fully goes into effect for MiFID II in July

                      Under MIFID II, investment firms trading with Legal Entities were required to make sure these counterparties had a registered Legal Entity Identifier (LEI) before trading with them...

                      A view of how regulators supervise EMIR – ESMA Annual Report

                      As part of their work, ESMA is tasked with publishing an Annual Report (link) covering different facets of EMIR. Today, they published their first report regarding supervisory meas...

                      Cappitech Raises $4 Million in Series A Financing to Fuel Growth and Innovation

                      Cappitech is excited to announce that we have secured $4 million in series A financing. The financing round was led by 83North with participation from Rony Grushka and Kevin Gould,...

                      ESMA Updates Best Execution (RTS 27) and EMIR Q&A

                      The big recent announcement from ESMA was last week’s formal dates to change lower leverage on CFDs and ban binary options. However, prior to that, ESMA released a series of Q&am...

                      Cappitech launches RTS 27 Best Execution solution to bolster MiFID II offering

                      With the first deadline of RTS 27 reports quickly approaching, Cappitech Regulation, a leading provider of regulation technology for the financial services industry has launched a ...

                      RTS 27 Best Execution for Forex/CFD Brokers

                      Part of the package of new reporting and corporate governance rules under MiFID II is RTS 27. Unlike other reporting requirements that are near real-time or daily, RTS 27 is a quar...

                      FCA Seemingly exempts Cryptocurrency CFDs from MiFID II reporting

                      Last Friday, the UK’s Financial Conduct Authority (FCA) issued a statement clarifying the authorization of cryptocurrency derivatives. In the statement (link), they explained tha...

                      What’s next on the minds of CFD broker compliance teams? Capital Requirements

                      Regulation and compliance continues to evolve. While EMIR and MiFID II are worries of yesterday and today, tomorrow has its own set of acronyms worrying compliance officers. Wit...

                      CySEC begins investigation of MIFID II (MiFIR) compliance among license holders

                      With MiFIR and MiFID II going live on January 3rd, regulators have begun to ask, “who isn’t reporting?” While many country regulators have been quietly reviewing the MiFIR...

                      Why we chose an ARM vs NCA for our client’s MIFID II Transaction Reporting

                      Earlier this month, Cappitech published some of what we’ve learned from the first month of MiFID II going into effect. One of the items covered was our decision to report client ...

                      A month into MiFID II Transaction Reporting (MiFIR), what we’ve learned

                      MiFID II has now been live for a little more than a month in Europe. At Cappitech, we wanted to share our experiences of complying with the Transaction Reporting requirements that ...

                      5 EU Financial Regulation Questions that Need to be Answered in 2018

                      2017 was the year for MiFID II. Pretty much everyone in the European financial industry has had enough about hearing of MiFID II preparation. As MiFID II dominated the discussion i...

                      What is reportable under MiFIR (MiFID II Transaction Reporting) – Analyzing Derivatives

                      The goal of this article is to provide a deeper look at specific investment products and analyze how they fit within Article 26 of MiFIR (legislation link). The opinions provided a...

                      Cappitech’s Capptivate Platform Integrates with Access Fintech

                      Access Fintech users can now incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its lifecycle management portal. Launched ear...

                      Is Matched Principal Trading Under MiFID II, One Leg or Dual Leg Reporting?

                      (Article updated on Dec 27 - see new comments at end of post) When MiFID II arrives on January 3rd, 2018, it brings with it a greatly updated version of Transaction Reporting (M...

                      Cappitech Regulation selected as RegTech100 company

                      Cappitech continues to be recognized as a leader in the fast growing RegTech, being listed as a RegTech100 company. Cappitech’s inclusion in the list is after 416 RegTech compani...

                      £34.5 million EMIR Reporting Fine Slapped by FCA on Merrill Lynch

                      Merrill Lynch today became the first investment firm to be fined for a breach in EMIR Reporting. Fined by the UK’s Financial Conduct Authority (FCA), Merrill Lynch will be paying...

                      MiFID II leniency could be coming from the FCA for diligent firms

                      The deeper EU financial firms are engaged with complying with the upcoming MiFID II regulations, the greater the challenges. Going into effect this coming January, MiFID II regu...

                      CySEC to open MiFID II Transaction Reporting testing in October

                      MiFID II transaction reporting is set to go live in January 2018.  These reports can be sent directly to a financial firm’s National Competent Authority (NCA) such as the FCA, C...

                      MiFID II Reporting, Retail Brokers and Breakfast

                      Cappitech was excited to be able to host over 60 participants at The Ned Hotel for a MIFID II Reporting breakfast last week. The event included a wide range of compliance and opera...

                      MiFID II Reporting Breakfast for FX/CFD Brokers – Sept 13, London

                      MiFID II is coming soon   But if you are an FX/CFD broker and don’t want generic explanations about MiFID II & MiFIR reporting requirements. You want to know speci...

                      Do Bitcoin, Ethereum and Cryptocurrency CFDs need to be reported for EMIR Regulation?

                      Quick, do a Google search for Ethereum. There is a good chance that you will see an ad from a broker like this one. After being on fire in 2013 and then falling in 2014,...

                      LEI’s and MiFID II, why you need one and how to get one

                      Back in April 2016, Cappitech took a look at LEIs and why they are an integral part of EMIR derivative reporting requirements. With MiFID II coming into effect on January 2018, we...

                      Looking for another MiFID II delay? You’re out of luck

                      With a wide range of reporting and operational requirements being put in place when MiFID II goes into effect, few in the financial industry in the EU and globally are excited abou...

                      Preparing for MiFID II: Forex/CFD and Binary Options Brokers

                      MiFID II reporting is a large project to undertake. The article covers steps to put a development roadmap in place to reduce the hassle. The article was prepared for and first appe...

                      Bloomberg Trade Repository for EMIR Reporting Registered by ESMA

                      Starting June 7th, firms reporting for EMIR will have a new trade repository (TR) that they can submit their reports to. After a lengthy registration process, Bloomberg Trade Repos...

                      Cappitech Launches MiFID II Suite of Technology for Transaction and Trade Reporting

                      Cappitech has extended its cross-regulation Transaction Reporting technology to support MiFID II reporting to ARMs With less than nine month until MiFID II goes into effect on J...
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                      Breaking EMIR Reporting news: European Commission proposes changes to reduce obligations

                      After issuing their EMIR Review in November 2016, the European Commission (EC) today is proposing major changes to EMIR reporting. The goal of the amendments is to reduce costs to ...

                      Preparing for MiFID II? It’s all about what’s under scope and data, data, data

                      What are the two biggest topics for the EU financial industry at the moment? Attending the CME Group’s Regulation Conference in Dublin last week, the clear answer is MiFID II and...

                      Don’t sleep on MiFID II Best Execution as Regulators are Waking Up

                      New Best Execution standards are arriving soon with the implementation of MiFID II on January 3, 2018. The new text updates what has been in place since 2007 under MiFID I. Those s...

                      Cappitech supports buyside and regulatory initiatives for UTI harmonization

                      At Cappitech, one of the most difficult processes we solve with our EMIR Reporting technology is UTI matching. Standing for Unique Trade Identifier, a UTI is an alphanumeric identi...

                      MIFID II reporting standards arriving to FIX Protocol – Why it matters

                      With MiFID II regulation arriving soon, the FIX Trading Community has been working since 2015 to create new protocols for the FIX messaging protocol especially designed for the new...

                      New EMIR Q&A answers questions about upcoming RTS

                      ESMA has issued its latest update to their Q&A paper on EMIR Regulation. Begun in 2014, the Q&A paper is periodically updated with answers to industry issues relating to th...

                      What is RegTech? Deloitte maps the universe of the present and future

                      Within the tech world, financial technology has been branded its own niche of FinTech. As what falls under fintech has broadened to include subsectors such as mobile banking, consu...

                      EMIR Regulation reigned, but here comes MiFID II – What you read in 2016

                      Throughout 2016, our Cappitech blog posted often about a variety of financial regulation initiatives affecting EU regulated brokers, banks and fund companies. Reviewing which posts...

                      MiFID II Preparation: Trade vs Transaction Reporting and ARMs vs APAs

                      With us nearing 2017, the January 2018 date for MiFID II implementation is closing in quickly. Appearing with the regulation will be new and updated versions of reporting requireme...

                      FCA/CySEC/ESMA Collusion to Damage CFD/Forex/Binary Options Industry?

                      Within the Cappitech blog, we’ve focused a lot on the change in sentiment among regulators towards Forex/CFD/Binary Options brokers. From bans on online advertising and restricti...

                      Talking Fintech and Asset Management at the ALFI European Alternative Investment Funds Conference

                      Closing out the European Alternative Investment Funds conference hosted by the Association of the Luxembourg Fund Industry (ALFI) was a fintech panel. For asset management, innov...

                      What Went Down at the London Summit: the CEO Panel

                      For the past few years, after returning from industry conferences such as the iFX Expo in Cyprus/Hong Kong and the Finance Magnates London Summit, I have published my thoughts on t...

                      What Went Down at the London Summit: the CEO Panel

                      For the past few years, after returning from industry conferences such as the iFX Expo in Cyprus/Hong Kong and the Finance Magnates London Summit, I have published my thoughts on t...

                      EC EMIR Review – 2017 could bring regulation changes to streamline reporting and ease NFC and clearing obligations

                      The European Commission (EC) has issued their Review Report on the European Market Infrastructure Regulation (EMIR) which went into effect in 2014. With a mandate to provide transp...

                      Meet us at the London Summit and see Cappitech’s new global reporting technology

                      Coming up next Monday and Tuesday, November 14th and 15th, Cappitech will be exhibiting at the Finance Magnates London Summit. At the event, we will be providing our first publi...

                      MiFID II: Is your firm a systematic internalizer? (Calculations delayed)

                      With the initiation of MIFID I trade reporting of equities in the EU in 2007, it created a new status of companies called ‘Systematic Internalizers’ (SI). An SI is a firm that ...

                      As MiFID II closes in, reporting details and guidelines getting finalized

                      For financial, compliance and technology firms serving the RegTech sector, October was an important month for the coming MiFID II regulation. Early in the month, the European Secur...
                      MiFID vs MiFIR

                      MiFID II Innovation – A Consolidated Non-Equity Tape

                      With MiFID II headed to be in effect in 2018, coming with it are an overhaul of new reporting and market transparency rules. Among the most groundbreaking are best execution superv...

                      Blockchain – ‘Technology of the future’… but don’t forget to be practical

                      This week was an important one for us at Cappitech. After participating earlier in the year in a Fintech Roadshow of Israeli firms that travelled to Luxembourg to learn more about ...

                      Blockchain technology for financial regulation reporting – Cappitech’s analysis

                      In June, we published on the Cappitech Blog that the European Securities and Markets Authority (ESMA) had created a consultation paper about the relevance of using distributed ledg...

                      What are EMIR Regulation derivative reporting fees charged by Trade Repositories?

                      Complying with derivative reporting requirements of EMIR regulation is a dual sided expense. One side is the cost entailed of internal or external human resources needed to create ...

                      MiFID II Preparation – Reporting to ARMs (Approved Reporting Mechanism)

                      Although going into effect in 2014, EU financial firms are still getting up to speed with EMIR’s derivative reporting regulation. But, quickly arriving on the horizon will be the...

                      ESMA to EMIR Regulation Trade Repositories – “No More Garbage Reporting”

                      The new trend in EMIR reporting that began in earnest in 2016 and based on conversations with trade repositories has become a key focus for ESMA and financial regulators is “no m...

                      FXCM on the Offensive, MiFID II Looms and CME FX Futures Improving

                      FXCM has recently issued their execution quality paper again. First published in February of this year with data from October 2014 to August 2015 comparing their pricing compared ...

                      MiFID Penalties Hit Retail Sector as 24option Site Pulled in France by AMF

                      Reported over the weekend, one of the world’s largest binary options brokers, 24option, has closed its website to French customers. According to Finance Magnates, the closure is ...

                      Financial compliance in the cloud? It’s happening everywhere, along with EMIR Regulation

                      As a cloud based provider of EMIR regulation reporting services, an oft asked question is whether the financial industry is ready for public cloud hosted platforms? For good rea...

                      ESMA Singles Out Cyprus in Warning of CFD/Forex/Binary Options Products

                      The European Securities and Markets Authority (ESMA) has issued a new warning against CFD, Forex and Binary Options products today, citing their high level of risk. According to ES...

                      Automating EMIR regulation reporting: Static vs Dynamic Data

                      One of the challenges of compliance reporting for financial transactions such as EMIR, Dodd-Frank and MiFID is the collection and reformatting of trade records to fit the data requ...

                      Pick your poison, Brexit or CySEC? (The Cappitech July Newsletter)

                      Happy Monday!! We recently launched a newsletter and this is our July edition. The newsletter reviews current events in the online trading world with actionable analysis. Subscr...

                      UK Trade Repositories and EMIR after Brexit, the future of unified global derivative reporting regulation

                      With the UK potentially slated to leave the EU following the Brexit referendum vote, it has triggered speculation as to EMIR regulation will continue to be applied to British firms...

                      Do UK firms still have to care about EMIR and MiFID II after Brexit?

                      With the Breixt referendum leading to a ‘leave’ vote, it puts doubt on the future of financial reporting requirements for UK firms. Notably, EMIR regulation, which went into ef...

                      Thoughts on the Brexit and Luxembourgish

                      Returning from Luxembourg today, I wanted to share some thoughts on the country as viewed by a foreigner arriving to potentially do business in the multi-cultural country Occurr...

                      EMIR regulation and transaction reporting could get easier with blockchain technology implementation

                      The European Securities and Market Authority (ESMA) has recently published a Discussion Paper titled ‘The Distributed Ledger Technology Applied to Securities Markets’. The basi...

                      MiFID II – How it effects non-EU financial firms

                      MiFID II is hitting the EU in January 2018. But if you are a financial firm and aren’t based in the EU, you shouldn’t worry, right? Well, not quite, while MiFID II is an EU ...

                      EMIR Regulation cited during CySEC Chairwomen Demetra Kalogerou’s iFX Expo Keynote

                      Headlining the last day of the iFX Expo in Limassol, Cyprus, last week was a keynote speech by Demetra Kalogerou, Chairwomen of CySEC, the country’s financial regulator. Her invo...

                      Cappitech Releases EMIR Regulation Dashboard to Power Reporting Analysis

                      To be publicly displayed at the iFX EXPO in Limmasol, Cyprus, Cappitech is launching a dashboard to provide visual analytics to help customers gain more insight from the Capptivate...

                      Building reference and benchmark data isn’t easy – MiFID II officially delayed until 2018

                      The European Council (EC), officially announced last week that a one-year delay of MiFID II and MiFIR has been put in place with the two initiatives not expected to take effect un...

                      EMIR regulation debate of single vs double sided derivative reporting reaches EU financial heads

                      Should derivative reporting under the EU’s EMIR regulation framework be single or double sided? This has been an ongoing debate since ESMA released their first guidelines for how...

                      Meet Cappitech at the iFX Expo in Limassol, Cyprus and Learn About EMIR Reporting Automation

                      Are you attending the iFX Expo 2016 in Limassol, Cyprus, later this month? If so, let’s meet up. Exhibiting in Booth #89, Cappitech will be attending the yearly event that gat...

                      Will there be another LIBOR Scandal? New EU Law aims to end rate rigging

                      Among areas of finance being overhauled by regulation are rate benchmarks. The entrance of financial regulators to supervise rates is the result of the uncovering of manipulation o...

                      Will EMIR move from double sided to single sided reporting?

                      One of the big gripes against EMIR derivative reporting before and after it was put into effect in February 2014 is its use of double sided reporting. What does this mean, it means...

                      What is an LEI and how do I get one for EMIR Reporting?

                      The first process of complying with the European Securities and Markets Authority (ESMA) EMIR derivative trade reporting regulation is securing a Legal Entity Identifier (LEI). A t...

                      Following Binary Options, Will EU Regulators Focus on Forex and CFDs?

                      Reported last Thursday was a circular about fair trading practices related to binary options that was sent by CySEC to entities under its jurisdiction. The circular came days afte...

                      ESMA Q&A on CFDs/Forex/Binary Options looks at conflict of interest risks

                      As binary options and other high risk leveraged products for retail customers have been garnering negative headlines recently, the European Securities and Markets Authority (ESMA) ...

                      Will MiFID II bring the end of in-depth Sell-Side market research?

                      In February, implementation of MiFID II got officially pushed back from the beginning of 2017 to January 2018. With the delay, financial firms receive more time to prepare for the ...

                      What are the potential fines for EMIR Reporting Violations?

                      Put into effect on February 2014 and under the auspices of the European Securities and Markets Authority (ESMA) are transactional reporting requirements for over the counter (OTC)...

                      Do non-finance corporates need to fulfill EMIR reporting requirements?

                      The unfortunate truth is that unlike MiFID trade report regulations that went into effect in 2007 and was directed at financial firms, even non-financial firms in the European Econ...

                      EMIR OTC derivative reporting Trade Repositories, who they are

                      Starting in 2014, the EU, under the watch of ESMA, put into effect trade reporting requirements for OTC derivative trades called EMIR reporting (EMIR overview here). As part of the...

                      EMIR Reporting summary: Who, when, what and where?

                      At Cappitech, we created Capptivate to automate the EMIR reporting requirements for brokers, corporates, asset managers and hedge funds. But what exactly is EMIR and why do I need ...

                      Do forex brokers have to report spot FX trades under EMIR?

                      When the EU introduced EMIR reporting of OTC derivative trades in 2014, one of the questions many had was the status of spot FX trades. For online forex brokers, spot FX is the fou...

                      Goodbye boring meetings, hello Agile – Implementing the daily stand-up

                      How many times have you sat down for a company meeting and most of everyone is fiddling with something? Their phone, scribbling on a paper, taking that zillionth sip on a cup of co...
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