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Transaction Reporting

Regulators require transaction reports to carry out some of their key responsibilities specifically, market surveillance and monitoring systemic risk. It is therefore essential all reports be complete, accurate and timely.

Regulators are increasingly active in identifying incorrect reporting and engaging firms to understand root causes and remediation plans. It is critical that any issues be picked up independently by the firm and reported to the regulator. There is a zero-tolerance policy for non-compliance, with large fines and/or enforcement action for incorrect reporting.

Firms must ensure they have a suitable control framework in addition to ongoing monitoring of the overall accuracy of reporting. This must be monitored by senior management on an ongoing basis.

Why Novatus:

We do more transaction reporting work than any other firm. We have dedicated team who work exclusively in this area. This ensures we can provide peer comparisons and tried and tested solutions to your issues. By combining market leading technology with expert advisors, we provide full end-to-end support.

Recent examples of work:

Leading Asset Manager: We delivered comprehensive remediation programmes across MiFID II and EMIR, ensuring all elements of the regulation are compliant.

International Bank: We deliver a full suite of reporting assurance through our proprietary TRA tool.

Global Asset Manager: Our team is currently supporting the delivery of EMIR REFIT, including analysis and programme management in line with the new rules.

Proud to advise

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