London, 7 February 2018, NEX Regulatory Reporting announces today that it has partnered with Delta Capita, an international business and technology consulting provider, who will offer specialist advice to clients ahead of the Securities Financing Transactions Regulation (SFTR) coming into effect. Delta Capita’s Securities Finance and Collateral Management Practice has successfully helped tier-one banks and large buy-side clients with their MiFID II implementation projects and they will work alongside the NEX Regulatory Reporting solution to advise clients on the specific data requirements for securities finance transactions. Starting with the initial regulatory health check, Delta offers ongoing advisory, through to reporting performance audits to ensure process efficiency.
NEX Regulatory Reporting recently announced its intention to become an SFTR trade repository and launch a dedicated reporting solution, pending the issuance of the final technical standards from ESMA. It will leverage the existing regulatory reporting technology for EMIR, MiFID II and other international regimes to meet the complex requirements of SFTR. By combining Delta Capita and NEX Regulatory Reporting’s compliance, technology and industry knowledge, the SFTR solution is uniquely positioned to meet the needs of the securities lending and repo markets.
Collin Coleman, Head of NEX Regulatory Reporting, said: “SFTR will require clients to report an unprecedented level of data given that many securities and finance transactions have significant durations, complex lifecycle events and diverse collateral options. Delta Capita is the ideal partner for NEX as their deep understanding of securities finance and collateral management processes and technology will support the development of our cloud-based reporting solution and aid client onboarding.”
Jonathan Adams, Head of Securities Finance and Collateral Management Practice at Delta Capita, said: “A natural extension of the regulatory support we currently provide to our clients, we’re pleased to partner with NEX Regulatory Reporting to help clients comply with the impending regulation but also to explore how SFTR data can be utilised for business advantage.”