Deutsche Börse readies for MiFID II with Risk Focus regtech
The Regulatory Reporting Hub of Deutsche Börse has launched a partnership with Risk Focus and its software subsidiary, RegTek.Solutions, to use its key system components for the hub’s OTC trade reporting solution.
The functionality of the components provided by Risk Focus and RegTek.Solutions includes the Validate.Trade product, and interpretation of instrument details of OTC derivatives submitted in FpML or XML format; as well as a rules engine for applying the regulatory validations, eligibility checks and deferrals.
Georg Gross, head of regulatory services at Deutsche Börse, says: “OTC trade reporting is one of the backbones of MiFID II, which is going to be effective as of January 2018. Deutsche Börse’s MiFID II OTC trade reporting service will provide clients with an efficient and simple-to-use way of meeting their OTC transparency requirements in accordance with the new regulation.”
Deutsche Börse says it has concentrated its solutions for regulatory compliance onto one platform – the Regulatory Reporting Hub. This hub enables sell-side and buy-side clients as well as corporates and trading venues to meet their regulatory obligations, publication requirements; as well as reporting to all relevant national competent authorities, covering multiple regulations.
Risk Focus was founded in 2004 and has offices in New York, London and Riga (Latvia).
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