Regulatory Reporting: An Update for the Broker Community Post CME & Deutsche Börse Exit

Brokers and other financial institutions, already constrained by limited budgets and the Covid- 19 pandemic, are facing a new unexpected challenge as they hurry to implement new processes and relationships following CME’s announcement that it would be departing as a vendor, ARM and TR.  Just last week, Deutsche Börse also confirmed it is considering exiting the regulatory reporting business. Regulators might be sympathetic, but there will be little or no leeway for non-compliance, thus firms will be expected to continue to meet their reporting requirements at the same or better standard as previously.

In this webinar, SteelEye will discuss the European reporting requirements brokers are subject to and the impact of CME and Deutsche Börse leaving the regulatory reporting market. Further, they will look at what firms are doing to fill this gap and what they should be considering as they switch vendors. 

Throughout the webinar, SteelEye will share trends that they has seen in the market along with best practices for compliance, including the role of data management in accurate, cost-effective and timely reporting, and how reporting data can be used for a wide range of purposes beyond MiFID II compliance. 

Agenda: 

• What regulatory reporting requirements are brokers subject to?
• What is happening in the market and what is the impact of CME and Deutsche Börse discontinuing their regulatory reporting services? 
• How are firms manoeuvring to fill that gap? 
• What should firms be considering as they switch vendors? 

If you would like to attend this video conference, please email: events@thebrokerclub.org