Bringing you live news and features since 2006 

Ed Marhefka, IHS Markit

IHS Markit SFTR Solution adds five industry design partners

RELATED TOPICS​

The repo, securities lending and borrowing, and prime brokerage divisions of Citi, Morgan Stanley, RBC, UBS and Vanguard have joined the design partner group for IHS Markit’s Securities Finance Transaction Regulation (SFTR) reporting solution with Pirum Systems.

These firms bring the SFTR design partner group to 32 clients and partners in total, representing industry leaders in repo markets, buy/sell backs, sell/buy backs, securities lending and borrowing, and margin lending.
 
“With MiFID II in effect, the securities finance industry is preparing for future obligations under SFTR, which for the first time imposes trade reporting requirements on repos and other transactions,” says Ed Marhefka (pictured), managing director and global co-head of Securities Finance at IHS Markit. “Our design partner group brings together global expertise across the full spectrum of securities finance transactions, which will help us deliver the industry’s most robust and efficient SFTR reporting solution.”
 
SFTR’s complex reporting requirements vary based on location and counterparty type (such as buyside, agent lender, repo dealer or prime broker). The IHS Markit SFTR reporting solution will enable trade reporting to repositories for repo and reverse repo agreements, securities loans and borrows, commodities loans and borrows, prime brokerage margin lending and collateral reuse.
 
SFTR was enacted by the European Parliament in 2015 to provide greater transparency on cross-asset class lending, borrowing, repurchase agreements and sale/buy-back agreements among counterparties in the EU. The regulation will be phased in through 2019, and additional reconciliation requirements are under consideration for a later date.
 
In October 2017, IHS Markit announced that BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, J.P. Morgan and Rabobank joined as SFTR reporting solution design partners.
 
To ensure interoperability within the industry ecosystem, IHS Markit is also engaging vendors, trade repositories and agents with approved publication arrangements (APAs) on the design of its SFTR reporting solution.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by