Kaizen Reporting launches regulatory reporting training
24 October 2018 London
Image: Shutterstock
Kaizen Reporting is to launch a training service focusing regulatory reporting requirements under the Markets in Financial Instruments Regulation (MiFIR), the European Market Infrastructure Regulation (EMIR) and the upcoming Securities Financing Transaction Regulation (SFTR).
The training service will be led by Kaizen’s recently appointed senior regulatory reporting specialist, David Nowell.
Nowell previously served as a transaction reporting technical specialist at the UK Financial Services Authority, as head of transaction reporting for a tier-1 investment firm, and head of compliance for an approved reporting mechanism and trade repository.
Nowell also has experience in client training for MiFIR transaction reporting and EMIR trade reporting.
The training service includes four-hour classroom-style workshops as well as in-house sessions for financial institutions.
Initially it will focus on MiFIR, before expanding to include EMIR and SFTR.
Dario Crispini, CEO of Kaizen, said: “David Nowell is widely seen as a leading authority in the industry. The Financial Conduct Authority frequently warns about the risk to institutions of inadequately trained regulatory reporting teams and in many of its warning notices, cites a lack of training as a factor in its decision to censure a firm for incorrect reporting.”
He added: “Expanding our services to include training makes sense for us, and we are looking forward to helping our clients improve their knowledge in this space.”
Commenting on the new training service, Nowell commented: “Training is an integral part of the systems and controls that firms need in place to be reporting accurately. Our new courses are designed to help get our clients up to speed quickly, allowing them to understand what needs to be done to report correctly as soon as possible.”
He added: “Ensuring your staff are properly trained on the reporting regulations can save costs in the long run as it will increase a firm’s chances of avoiding regulatory sanctions for incomplete or inaccurate reports and the additional expense of costly back reporting exercises.”
The training service will be led by Kaizen’s recently appointed senior regulatory reporting specialist, David Nowell.
Nowell previously served as a transaction reporting technical specialist at the UK Financial Services Authority, as head of transaction reporting for a tier-1 investment firm, and head of compliance for an approved reporting mechanism and trade repository.
Nowell also has experience in client training for MiFIR transaction reporting and EMIR trade reporting.
The training service includes four-hour classroom-style workshops as well as in-house sessions for financial institutions.
Initially it will focus on MiFIR, before expanding to include EMIR and SFTR.
Dario Crispini, CEO of Kaizen, said: “David Nowell is widely seen as a leading authority in the industry. The Financial Conduct Authority frequently warns about the risk to institutions of inadequately trained regulatory reporting teams and in many of its warning notices, cites a lack of training as a factor in its decision to censure a firm for incorrect reporting.”
He added: “Expanding our services to include training makes sense for us, and we are looking forward to helping our clients improve their knowledge in this space.”
Commenting on the new training service, Nowell commented: “Training is an integral part of the systems and controls that firms need in place to be reporting accurately. Our new courses are designed to help get our clients up to speed quickly, allowing them to understand what needs to be done to report correctly as soon as possible.”
He added: “Ensuring your staff are properly trained on the reporting regulations can save costs in the long run as it will increase a firm’s chances of avoiding regulatory sanctions for incomplete or inaccurate reports and the additional expense of costly back reporting exercises.”
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