REGIS-TR partners with Sensiple on delegated reporting services for Securities Finance Transaction Regulation

Maria Nikolova

Sensiple is collaborating with REGIS-TR and market participants to integrate its regulatory platform, called Setrega, to provide straight-through processing SFTR reporting automation.

European trade repository REGIS-TR, a joint venture of Clearstream (Deutsche Börse Group) and Iberclear (BME Group), will collaborate with Sensiple, a provider of regulatory technology solutions for repurchase agreements (“repo”) and secured lending. The partnership aims to provide an interoperable, web-based, end-to-end automated reporting solution for Securities Finance Transaction Regulation (SFTR) requirements.

Sensiple is collaborating with REGIS-TR and market participants to integrate its regulatory platform, called Setrega, to provide straight-through processing SFTR reporting automation. They will offer clients the capability to use Setrega’s technology to delegate their end-to-end reporting.

In addition, clients can push files to Sensiple for conversion into ISO standard 20022 to be reported seamlessly to REGIS-TR under SFTR. Setrega is also cross-jurisdictional in nature, where clients with multiple reporting obligations to MiFIR, EMIR, and other regulatory requirements within the G20 framework can make use of this platform to ensure reporting accuracy and completeness.

SFTR requires EU counterparties to report their securities finance transaction details to a registered trade repository. Sensiple’s SFTR reporting solution will combine its leading technology solutions and data management capabilities with REGIS-TR’s expertise as one of Europe’s largest trade repositories. Together, the firms will offer a fully hosted solution that leverages existing industry data workflows to lower the cost and the operational burden of SFTR.

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