Deutsche Börse Group continues to welcome major sell- and buy-side institutions as users of its Regulatory Reporting Hub service. With MiFID II becoming effective on 3 January 2018, the Regulatory Reporting Hub (RRH) will enable sell-side, buy-side and systems integrators’ clients to meet their regulatory obligations easily and efficiently. Recently, BaFin (German Federal Financial Supervisory Authority) had determined that Deutsche Börse’s ARM (Approved Reporting Mechanism) and APA (Approved Publication Arrangement) services are compliant with all relevant MiFID II requirements.
Among the vast number of future users and firms planning to provide connectivity who have recently signed an agreement are:
- Bank Data
- Bloomberg’s Sell Side Execution and Order Management Solution (SSEOMS)
- Crédit Agricole CIB
- DZ PRIVATBANK
- Iccrea Banca
- Nordea Investment Management
- Rabobank
- Raiffeisen Centrobank
- TradeChannel
- UniCredit
This high performance platform will among others allow commodity position reporting and Systematic Internaliser services in addition to the existing EMIR solutions. Further, it ensures reporting to all relevant National Competent Authorities, covering multiple regulations.
The new regulatory environment leads to far-reaching structural changes which we need to be compliant with – in the interest of our clients and stakeholders. By selecting Deutsche Börse and its Regulatory Reporting Hub, we trust on the expertise of a leading European market infrastructure provider,” said Hubert Beaulat, Crédit Agricole CIB, MiFID II Project Programme Director.
We are very pleased that a broad range of financial institutions are relying on our offering as it proves our value proposition. Our objective is to deliver a market leading solution for regulatory reporting in Europe to enable our clients to meet the new ever evolving regulatory standards,” added Georg Gross, Head of Regulatory Services, Deutsche Börse.