Rostrum designed an animation for our client Luxoft to bring to life the findings of a research study we had commissioned into the Securities Financing Transactions Regulation (SFTR). Among the 300+ senior compliance professionals we interviewed for Luxoft across Tier One, Tier Two and Tier Three investment banks, the vast majority were confident they will be able to comply with the SFTR requirements by the April 2020 deadline. However, relatively little progress has been made. Only 48% have conducted a cost benefit analysis of the regulations and just 46% have set up an SFTR planning committee. Only 39% have centralised SFT reporting while just 26% have set up a trade repository – and there is now less than a year to go until firms must be able to evidence SFTR compliance.
Luxoft’s trade and transaction reporting expertise covers SFTR as well as EMIR, Mifid II and Dodd Frank – including data sourcing, warehouses and streaming; e-trading; front to back office workflows; and business intelligence. Luxoft will deliver the right solution for a bank’s SFTR compliance programme.