CloudMargin has integrated REGIS-TR within its solution to offer automated European Market Infrastructure Regulation (EMIR)-compliant swap data repository reporting of over-the-counter derivatives.
This will have a "huge impact" on CloudMargin’s clients, which will now be able to adhere to EMIR-compliant trade reporting automatically, avoiding the need for further third-party solutions or middleware, according to CloudMargin.
REGIS-TR collects and administers details of transactions reported by CloudMargin’s clients, to give market participants and regulators an aggregated view of positions in compliance with current and upcoming regulation.
Its Europea Reporting Hub will also cover securities finance transaction reporting in the future.
Stuart McHardy, managing director and co-founder of CloudMargin, commented: “Thanks to this collaboration between ourselves and REGIS-TR, CloudMargin clients can rely on a market-leading solution for their regulatory reporting requirements, with this automated connection alleviating the stresses clients face when struggling to stay compliant in an ever-changing regulatory landscape.”
