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Last Updated : Jun 18, 2019 07:59 PM IST | Source: Moneycontrol.com

Broadridge launches change management service for SFTR compliance

SFTR is part of the EU’s global effort to regulate shadow banking and increase transparency in the securities finance markets.

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Broadridge Financial Solutions, a global Fintech company that is part of the S&P 500 Index, has announced a change management service to help companies design their target operating models to be compliant with the impending Securities Financing Transactions Regulation (SFTR).

The new service provides a practical blueprint for front-to-back changes to overall architecture, organizational structure, business processes and location strategy. In addition, Broadridge is offering project management, business analysis and testing support to augment internal project teams and help firms comply with SFTR in a timely manner.

SFTR is part of the European Union's implementation of the global effort to regulate shadow banking and increase transparency in the securities finance markets. The rules are set to become effective in Europe in the second quarter of 2020. Market participants face huge challenges around SFTR compliance due to its complexity.

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There is a pressing need to define operating models to meet reporting deadlines and avoid increases in costs and operational risk. Firms must also solve difficult questions around areas such as data sources, exception management flows (including counterparty interaction) and reporting vendor services.
First Published on Jun 18, 2019 07:59 pm
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