Deloitte launches new platform for MiFIR reporting

fr en

Combining regulatory knowledge with a customized and secure IT environment, Deloitte has handled the daily transaction regulatory reporting for its clients from day one

<< Back
  • Collet Laurent Deloitte press

    Laurent Collet, Partner at Deloitte Luxembourg

The financial sector woke up to a brand new reporting era when MiFID II and MiFIR entered into force on 3 January 2018. About a decade after the initial Markets in Financial Instruments Directive was implemented, the European Commission strengthens investor protection through new requirements for transparency in financial markets. From this month onwards, almost all transactions in financial instruments executed between two counterparties will need to be reported to the competent authorities within 24 hours. This represents a significant reporting volume.

With the entry into force of MiFIR, the requirements for pre and post transaction reporting are multiplied. Not only will financial players need to understand the full scope of the regulation and what they have to do to be compliant, they would also need to establish a suitable, technical process for the actual daily reporting,” explains Laurent Collet, Partner at Deloitte Luxembourg and responsible for the firm’s Transaction Regulatory Reporting Services.

EMIR meets MiFIR
The European Market Infrastructure Regulation (EMIR) entered into force in 2014 and established a set of reporting requirements for derivative transactions. With MiFIR, the scope of reportable instruments is broadened to include among others listed instruments.  

The new reporting requirements will increase the amount of information available and thereby provide greater transparency for the general public and competent authorities alike.

The new regulatory environment will dramatically reshape daily operations for investment firms and many financial organizations. The reporting encompasses daily data collection and processing, preparation and distribution of the reports to the competent authorities, as well as the review of feedback received from the competent authorities. The full reporting process requires significant resources, knowledge and reliable technical tools,” adds Laurent Collet.

Data confidentiality and IT security
To prepare for the new reporting challenges, Deloitte Luxembourg established Deloitte Solutions in 2016. Deloitte Solutions is a PSF entity subject to strict IT security and data confidentiality standards, and Deloitte’s Transaction Regulatory Reporting services (T2R) are handled in Deloitte Solutions’ environment.

With its T2R services, the Deloitte team combines its regulatory knowledge with smart technical solutions, and manages as a dedicated agent the transactional reporting for its clients from A to Z. This comprehensive approach makes the Deloitte Transaction Regulatory Reporting solution one of the unique platforms in Europe designed to manage both EMIR and MiFIR reporting for clients, in a cost and resource efficient manner.

Read more about Deloitte’s transaction regulatory reporting services here: https://www2.deloitte.com/lu/en/pages/deloitte-solutions/solutions/transaction-regulatory-reporting.html

Back to top  | << Back

Communiqués liés

Gothenburg Stock Photo (002)

Dachser Air & Sea Logistics lance ses opérations en Suède

Dachser Air & Sea Logistics entre sur le marché suédois et dispose désormais ...

Dachser
source NASA
22/07/2019

Ajournement du programme de lancement de la Mission d’Expl...

Kleos Space S.A. (ASX : KSS, Francfort : KS1), fournisseur de données de reconn...

Kleos Space S.A.
DE RON Henry 259x259 low (002)
22/07/2019 Personnalités

Henry DE RON devient Partner

Henry DE RON a été promu Partner au sein de l’étude KLEYR | GRASSO avec eff...

Kleyr Grasso
JB Meyrier
19/07/2019 Personnalités

Me Jean-Baptiste MEYRIER a rejoint MOYSE BLESER le 1er mars ...

L’étude MOYSE BLESER a le plaisir d’annoncer que Me Jean-Bapt...

MOYSE BLESER S.à r.l.
FamilyBusiness MaketingAssets PRESS
18/07/2019

Enquête Deloitte : la transformation digitale compte parmi ...

Selon la Global Family Business Survey 2019 de Deloitte, trouver le juste équil...

Deloitte
OCSiAl oic
18/07/2019

Le fabricant luxembourgeois de nanotubes de graphène OCSiAl...

OCSiAl S.A., le plus important fabricant mondial de nanotubes de graphène, bas...

OCSiAl S.A.

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more