30 March 2016
Reporter: Stephanie Palmer

REGIS-TR takes on Swiss derivatives reporting

REGIS-TR, the European trade repository owned by Clearstream and Iberclear, has developed a new service for regulatory reporting under the Swiss Financial Market Infrastructure Act (FMIA).

The act draws on the European Market Infrastructures Regulation (EMIR) and regulates derivatives trading in Switzerland. It requires all entities with their registered office in Switzerland and which trade in derivatives, to report to the Swiss supervisory authority for financial markets, FINMA.

REGIS-TR will offer transaction, position and valuation reporting for compliance with FMIA, allowing client to use the same platform as for compliance with EMIR reporting.

Clients can use the same inbound and outbound connectivity channels for both regulation, streamline onboarding processes, and maintain one relationship, while having access to detailed documentation and a transparent fee schedule.

The new service is still subject to regulatory approval. REGIS-TR has submitted a letter of intent to become a recognised foreign trade repository in Switzerland, and reporting on the platform should start six months after approval.

Irene Mermigidis, managing director of REGIS-TR, said: “REGIS-TR already has a number of important Swiss customers for reporting under EMIR.”

She added: “We have experienced significant demand to extend our services to cover FinfraG so that these participants can benefit from a number of synergies and be able to re-use the tried and tested infrastructure already in place with us.”

More swaps 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
LCH migrates to new Swiss reference rate
18 October 2017 | Zurich | Reporter: Jenna Lomax
Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank are due to be among the first financial services to clear using the new rate from December 2017
Tradeweb launches first electronic swaption trade on TW SEF
17 October 2017 | New York | Reporter: Jenna Lomax
The trade, which was executed by asset management firm, Garda Capital, and processed through MarketWire, officially marked the launch of swaptions trading on the TW SEF
Eurex Clearing launches partnership programme
09 October 2017 | Frankfurt | Reporter: Theo Andrew
The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market
LCH launches new SwapClear client account
14 August 2017 | London | Reporter: Drew Nicol
J.P. Morgan and Aviva Investors are among the first adopters of this new account type
OneChicago expands futures products
05 July 2017 | Chicago | Reporter: Drew Nicol
The new No Dividend Risk Friday Futures will be available from 24 July 2017
French elections revive European markets
03 May 2017 | Frankfurt | Reporter: Drew Nicol
The first round of the French election prompted rallies in Europe’s beleaguered equities markets, while fixed income also saw sharp corrections, according to Eurex
Eurex secures KfW as IRS clearing client
05 April 2017 | Frankfurt | Reporter: Drew Nicol
German government-owned investment bank KfW has looked to Eurex Clearing for IRS clearing services