21 October 2017
visit www.response.ncr.com

Misys teams with Broadridge for MiFID II regulatory reporting

05 June 2017  |  3964 views  |  0 Source: Misys

Misys has unveiled a regulatory reporting component which enables banks to comply with the Markets in Financial Instruments Directive (MiFID II) ahead of the 3 January 2018 deadline.

Misys FusionCapital Regulatory Reporting automates the reporting process to reduce the cost and effort associated with data capture and compliance. It also supports the European Market Infrastructure Regulation (EMIR) Review requirements around OTC derivatives, as banks prepare to report by November 2017.

Built in conjunction with Broadridge Financial Solutions’ Message Automation, FusionCapital Regulatory Reporting covers a wide scope of financial instruments including derivatives, bonds and money markets. Direct connectivity with the Approved Reporting Mechanism (ARM) and Approved Publication Arrangements (APA) supports transaction and transparency reporting in real-time and in line with the Markets in Financial Instruments Regulation (MiFIR) market transparency principles.

Nadeem Syed, CEO at Misys, said, “It makes sense to team up with a leading specialist provider of post-trade reporting tools to bring seamless reporting to our capital markets clients. It’s no secret that the industry is creaking under the weight of multiple regulations and banks need transparency and enterprise-wide consistency. FusionCapital Regulatory Reporting acts as a strategic regulatory hub. It will reduce operational risk, while helping banks to meet today’s biggest compliance challenges, without disrupting day-to-day business.”

Users of FusionCapital Regulatory Reporting can view the compliance status of transactions received from regulatory services in real-time and monitor exceptions through a flexible dashboard which supports correction and automatic resubmission of data to reporting mechanisms. Sophisticated, rule-based enrichment capabilities help to populate missing data points for quick and timely resolutions. Access to multi-jurisdictional support is available through the industry standard FpML messaging framework.

Hugh Daly, CEO of Broadridge’s Message Automation, said, “Banks are taking this regulatory “opportunity” to look at how they can consolidate all of their trade and transaction reporting needs into one solution. We’re pleased to support Misys with an end-to-end reporting platform that is capable of tackling the large data quantities required by MiFID II, brings down implementation costs and lends itself to future regulatory demands.”

Available in the cloud as part of the Misys Platform as a Service (PaaS) or on-premise, FusionCapital Regulatory Reporting aggregates data from Misys FusionCapital core systems, as well as accepting data from other trading and order and execution platforms. The out-of-the-box component is deployed without the need for upstream source-system changes.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9161 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8747 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7862 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7355 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6974 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job