KBC BANK is one of a number of institutions to complete the on-boarding process in a timely manner while many others are currently finalising details to ensure they are ready to start reporting their derivative transactions on 12 February 2014, a regulatory obligation under EMIR.

"KBC BANK is pleased to be joining with REGIS-TR", says Frank Caestecker, Managing Director Back Office Markets of KBC BANK. "As a pan-European bank, we were looking for a European solution that complies fully with ESMA's requirements, while simultaneously providing the technical capability to serve our entire range of entities and derivative types. We already have a long-standing relationship with Clearstream, which gives us confidence in REGIS-TR's ability to deliver first-class, innovative services."

Nicolas Boatwright, Managing Director of REGIS-TR, welcomed KBC BANK's decision. "We are delighted KBC BANK has chosen us to act as their trade repository, which confirms our commitment to provide a full range of services to suit all customer needs. Launching our test environment November 2012, well in advance of the start of ESMA's new regulations, has given market players the tools they need to ensure they are fully compliant with ESMA's technical standards and this is reflected in the increase in participants to our test environment from 420 to more than 600 in the last two months."

REGIS-TR is being widely followed and studied by the European derivatives community. Its focus on European regulation, flexibility and the close support to all current participants and potential customers has meant it is regarded as an essential link between the financial industry and the regulators' community. REGIS-TR has ensured its business model is flexible enough to facilitate a smooth on-boarding process to both financial and non-financial entities of all sizes and nature.