European Market Infrastructure Regulation (EMIR)

This post discusses regulatory reporting for EMIR and the solution DEX Regulatory Suite offers for this regulation.

The European Market Infrastructure Regulation (EMIR) is a body of legislation for over-the-counter (OTC) derivatives, central counterparties and trade repositories. EMIR was introduced by the European Union (EU) as implementation of the G20 commitment to reduce systemic, counterparty and operational risk, and increase transparency in the OTC derivatives market. It was also designed as a preventative measure to avoid fallout during possible future financial crises similar to the collapse that followed the Lehman Brothers bankruptcy in 2008.

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DEX RS for EBA stress test 2020

On November 7, 2019 the European Banking Authority (EBA) published the final methodology and draft templates for the 2020 EU-wide stress test along with the key milestones of the exercise. The stress test exercise will be formally launched in January 2020 and the results published by 31 July 2020. The exercise is primarily focused on the assessment of the impact of risk drivers on the solvency of banks. Banks are required to stress a common set of risks (credit risk – including securitisations – market risk and counterparty credit risk, and operational risk – including conduct risk). In addition, banks are requested to project the impact of the scenarios on net interest income and to stress P&L and capital items not covered by other risk types. DEX Data Explorers launches a module which contains all requested reports.

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New lay-out for MiFID II transaction reporting comes into effect

On September 23, 2019 a new version of the MiFID II guidelines has become the new standard. DEX Data Explorers has updated DEX Regulatory Suite with these new standards.

MiFID II is a legislative framework instituted by the European Union (EU) to regulate financial markets in the bloc and improve protections for investors. Its aim is to standardize practices across the EU and restore confidence in the industry, especially after the 2008 financial crisis.

MiFID II harmonizes the application of oversight among member nations and broadens the scope of the regulations. In particular, it imposes more reporting requirements and tests in order to increase transparency and reduce the use of dark pools (private financial exchanges that allow investors to trade without revealing their identities) and over-the-counter (OTC) trading.

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Regulatory reporting for PPI

This post discusses regulatory reporting for Premium pension institutions (PPI) and the services Addition Knowledge House offers supporting the PPI process. A Premium Pension Institution (PPI) is a pension provider in the Netherlands that implements pension schemes and builds up pension assets, but does not itself bear the risks (e.g. death, disability and "live longer than statistically expected").

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Addition offers business process outsourcing for FTK
The Financial Assessment Scheme (in Dutch: Financieel Toetsingskader/FTK) is the supervisory regime that applies as from 1 January 2007 to the financial position and financial policy of pension funds and insurance companies. Addition Knowledge House (www.addition.nu) offers business process outsourcing for FTK processes using DEX Regulatory Suite.

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DGS Update

De Nederlandsche Bank has issued an update to the Deposit Guarantee Scheme. Watch the video for an update in 45 seconds or read the post for more info.

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DEX Regulatory Suite for CRD iv, version 2.9.1.1

 EBA is implementing reporting framework 2.9. The amendments to the reporting framework will apply from different reference dates due to different application dates of the underlying regulatory requirements.

The main changes compared to the previous version of the EBA reporting framework relate to the following:

• Package 2.9 RES to apply from 31/12/2019: changes to existing resolution reporting requirements (adjustments and additional templates)
• Package 2.9 COR to apply from 31/03/2020: changes to COREP to align with new securitization framework
• Package 2.9 FIN to apply from 30/06/2020: changes to FINREP concerning non-performing and forborne exposures reporting, P&L and IFRS16
• Package 2.9 LCR to apply from 30/04/2020: changes to LCR to align with the LCR amending Act
• Package 2.9 SBP to apply from 31/12/2019 (IMV from 26/09/2019): changes to reporting requirements as specified in the ITS on supervisory benchmarking of internal models

In the schema below the implementation schedule is shown.

DEX Data Explorers has these new versions already available in DEX Regulatory Suite.

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Securities Financing Transaction Reporting (SFTR)

In July 2020 the new SFTR reporting obligations will come into effect. The size of SFTR is such that people in the market already call it 'the beast'. DEX Data Explorers launches DEX Regulatory Suite for SFTR. This article explains what SFTR entails, and what DEX Data Explorers can do for you to tackle this large regulation.

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MIFID ii implementation considerations - a survey

DEX partner Addition Knowledge House performed a survey on MIFID ii implementation aspects. The full article in Dutch can be found here: http://bit.ly/2mKD1uY,  an English abstract can be found here: http://bit.ly/2ELMvwA.

MiFID ii at Hof Hoorneman Bankiers

January 4, 2018 was the first day Hof Hoorneman Bankiers, like other financial institutions all over Europe, had to report their transactions to the regulator underthe new MiFID ii regulation. Sven Schuling, IT Director at Hof Hoorneman, shares some insights about Hof Hoorneman's MiFID ii implementation.

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