Regulatory reporting: Success is found in a solid foundation

Maryse Gordon
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Maryse Gordon: Business Development Manager, Data and Analytics, Information Services, London Stock Exchange Group, USA

Journal of Securities Operations & Custody, 2018, vol. 10, issue 1, 57-66

Abstract: Global regulation has forced change upon firms within the financial services industry. In remodelling their regulatory reporting framework, firms have turned to RegTech (regulatory technology) to support them in ensuring full compliance with the numerous mandates they are subject to. Defining the best implementation path will be determined by the baseline infrastructure and resources the firm has available to them, and there are a number of questions and considerations that will help steer a firm down the right path to success. Meeting new and existing compliance deadlines is no short task for firms and as the level of investment needed to adhere to reporting obligations continues to climb, firms are changing the way in which they implement new regulatory initiatives. Aiming for a more efficient and cost-effective approach, some firms are looking to data preparation and gap analysis tools, streamlining and consolidation exercises, and third party vendor delegation services to aid in the analysis of establishing a solid foundation to any regulatory reporting initiative. This paper explores some of the components that underpin a robust regulatory reporting framework that will help support firms now and far into the future.

Keywords: regulatory reporting; regulation; technology; RegTech; compliance; MiFID II; data integrity; Consolidated Audit Trail (CAT) (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2018
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