London, United Kingdom
ReportShield is most effective when delivered as a managed service with testing and reconciliations taking place at a frequency suited to your business. You can mix and match components to your business needs and the service can also be used to deliver a one-off health check of your regulatory reporting.
The service provides accuracy testing, advanced regulatory reconciliation, reference data testing and a control framework service all of which are tailored to your business and vital to ensure effective results.
Utilising our multi-dimensional testing methodology, accuracy testing fully assesses the quality of data reported to the regulator. Checks all reported data fields for accuracy, validity and timeliness. Delivers full visibility of reporting quality. Identifies over-reporting. All reported records are tested for MiFID II reporting. All open positions are tested for EMIR trade reporting. Easily accommodates high volumes and tailored to each firm’s activities.
Advanced regulatory reconciliation
Our end-to-end reconciliation service tests for the completeness of reporting. Independently applies the reporting criteria. Identifies mismatches of data between a firm’s trading systems and what has been reported to the regulator. Pairing and matching. Includes reported and non-reported trades.
Reference data testing
This service checks if the correct counterparty or client has been reported. Executes a range of tests to counterparty and instrument reference data for both accuracy and completeness. Full population of reference data is tested for complete mappings to the appropriate identifiers. Assesses the use and allocation of internal identifiers. Normalises legal name and address. Real-time checking of Legal Entity Identifiers (LEI).
A full governance framework and suite of policy and guidelines documentation. Addresses control and governance issues identified in FCA fines for reporting. Tailored to your business’s internal arrangements and reporting policies. Designed by our CEO Dario Crispini, the former head of the FCA’s Transaction Monitoring Unit.
Regulatory Reporting Training Workshops. Our CPD-accredited courses are endorsed by the CISI and led by senior regulatory reporting specialists. Training in MiFIR Transaction Reporting, EMIR Trade Reporting and SFTR Reporting.
Our regulatory expertise combined with data science set us apart from anyone else in the market. Our services are the most comprehensive and far superior to any other offerings because we are the only company that tests all reporting data fields rather than just selected samples.
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