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 the prestigious Risk Market Technology Awards.
With over 190 submissions, these awards recognise “excellence in markets technology”. During the period under review, IHS Markit completed the integration of our regulatory reporting business with Cappitech, creating a technologically advanced platform that offers a single solution for regulatory reporting in multiple jurisdictions. We have also differentiated ourselves with new and enhanced analytics, including for SFTR, the launch of MAS OTC reporting on our platform, advanced eligibility tools as well as enhanced Pairing and Matching functionality.
Core to our success and growth in customer numbers is our focus on clients and the need for a positive user experience and extensive customisation tools. This was highlighted by Risk as a key contributor to the win and is a strong endorsement of approach. Risk also highlighted our work on SFTR, in particular referencing, “the success of the comprehensive and automated approach to SFTR reporting”, as well as our successful implementation of MAS OTC reporting which they highlight as, “Given the complexity of trade reporting and the heightened regulatory expectations, this speaks to the regulatory reporting team’s talent and dedication.”
With one judge referencing specifically that ours is “a true industry platform” we are pleased that our ongoing commitment to a full, multi-jurisdiction service and a central role in the development of regulatory reporting for the industry is being recognised.
Today, many organisations are struggling to navigate the need to adapt for constantly evolving, global reporting regulations. The development of our platform to accommodate these changes and offer single view remains central to our developmental efforts, particularly as new regulations such as the CFTC rewrite, JFSA and EMIR Refit are looming. We are encouraging all market participants with any of these obligations to begin preparations early in order to ensure a seamless and error-free implementation process.