Standards and regulatory reform

SF 2016-09-26T15:00:00.000Z

roomCode
SF
Room
Standards Forum
Date
-
Paul Janssens
Programme Director
SWIFT
Olga Petrenko
Senior Officer
European Securities and Markets Authority (ESMA)
Irene Mermigidis
Managing Director
Clearstream

A roadmap for implementers to comply with regulation requirements: MiFID 2 / MiFIR, EMIR, SFTR, …
In the Securities and Derivatives markets, the European Securities and Markets Authority (ESMA) has adopted industry standards to implement regulatory reporting. Regulatory reporting messages comply with the ISO 20022 standard methodology and business model. ISO standards for entity identification (LEI), instruments (ISIN), market infrastructures (MIC), etc; are also used to collect consistent and unambiguous data.
In the Payments market and in the Compliance arena, the Committee on Payments and Markets Infrastructures (CPMI just published its recommendation on usage of the Legal Entity Identifier standard in Correspondent Banking, KYC and payments.
The panel of leaders and experts at this session will highlight the benefits of adopting industry standards and what it means for implementers.