08 February 2018
London
Reporter: Jenna Lomax

NEX partners with Delta Capita for SFTR


NEX Regulatory Reporting has partnered with Delta Capita, a business and technology consulting provider, to offer specialist advice to clients ahead of the Securities Financing Transactions Regulation (SFTR) implementation.

Delta Capita’s securities finance and collateral management practice will work alongside the NEX solution to advise clients on the specific data requirements for securities finance transactions.

According to NEX, the partnership will combine Delta Capita and NEX ’s compliance, technology and industry knowledge to meet the specific needs of the securities lending and repo markets in preparation for the SFTR implementation.

The partnership comes after NEX Regulatory Reporting announced its intention to become an SFTR trade repository and launch a reporting solution, pending the issuance of the final technical standards from The European Securities Markets Authority.

The trade depository will also leverage the existing regulatory reporting technology for European Market Infrastructure Regulation, the second Markets in Financial Instruments Directive and other international regimes to meet the complex requirements of SFTR.

Collin Coleman, head of NEX, said: “SFTR will require clients to report an unprecedented level of data given that many securities and finance transactions have significant durations, complex lifecycle events and diverse collateral options.”

He added: “Delta Capita is the ideal partner for NEX as their deep understanding of securities finance and collateral management processes and technology will support the development of our cloud-based reporting solution and aid client onboarding.”

Jonathan Adams, head of securities finance and collateral management practice at Delta Capita, commented: “A natural extension of the regulatory support we currently provide to our clients, we’re pleased to partner with NEX Regulatory Reporting to help clients comply with the impending regulation but also to explore how SFTR data can be utilised for business advantage.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BoE release consultation on a new rule for central counterparties
16 February 2018 | London | Reporter: Jenna Lomax
BoE states that this proposed rule of written notice would “support the UK Government’s approach to the implementation of the EU Network and Information Systems Directive”
ASX sees 5.8 percent increase in collateral management activity
16 February 2018 | Sydney | Reporter: Jenna Lomax
The increase in the use of derivatives and OTC was due to a rise in futures trading, OTC clearing and collateral management activity
SBL Network bolsters its P2P securities lending team
16 February 2018 | London | Reporter: Jenna Lomax
SBL Network Limited has hired Charlotte Clout, reporting to Tammy Phillips, CEO at SBL
Citi’s agency lending sales chief departs
16 February 2018 | New York | Reporter: Drew Nicol
Citi’s Americas head of sales for it’s agency securities lending, collateral management, and separate account cash management businesses, Jeff Bonaldi, has left to pursue a number of entrepreneurial ventures
SIFMA testifies on legislative proposals regarding derivatives
15 February 2018 | Washington DC | Reporter: Brian Bollen
SIFMA has testified to the US House of Representatives Committee on Financial Services Subcommittee on areas that could make regulations more risk-sensitive, less complex and clearer
More than 35 percent of investors asked are planning to add to their European exposure in 2018
ECB rings collateral changes
14 February 2018 | Frankfurt | Reporter: Brian Bollen
The European Central Bank has issued a series of amendments relating to the Eurosystem’s monetary policy implementation