Stephen McDermott

Director at Axxsys Consulting

Message Posts: 2 Comments: 0

Bio Director of a specialist Management and Technology consultancy firm to the Asset Management and Hedge Fund community. www.axxsysconsulting.com Career History Stephen has been responsible for advising on system capability, system integration and operational workflow for buy-side firms. He continues to support many of these businesses, helping them grow and respond to challenges in the market.

Blogs

More Than You Ever Wanted To Know About Regulatory Sanctions - Lessons From the Past

20 May 2015

This post will take a closer look at FCA’s position on transaction reporting inspired by recent news of the FCA fining a large financial institution for breaches of reporting obligations under MiFID, see [FCA] for details. It is the 12th firm regulated by the FCA to face fines in relation to the MiFID transaction reporting obligation. What makes t...

The challenges of EMIR Reporting for the buy-side

17 Mar 2014

It is fair to say that the first month of EMIR reporting has not exactly gone smoothly. Some Trade Repositories (TR) are still struggling with on-boarding and data issues, inter-TR reconciliation is not yet close to being fully up and running, and whilst nobody is happy to share exact numbers, pairing rate are probably well below the 30% mark. The...

See all Stephen's blogs