Trade & Transaction Reporting Central and Eastern Europe
More than 120 participants have attended the international conference Trade & Transaction Reporting Central and Eastern Europe held for the first time ever in Warsaw. KDPW was the main partner of the event organised by the UK financial conference provider Infoline.
The importance of safety, transparency and standardisation of post-trading services has been rising in the past few years as new post-trading regulations have emerged at EU level. In particular, market data and statistics are of increasing relevance as they can support financial institutions in prompt response to any signals. This has given rise to new reporting requirements.
The event was opened by KDPW CEO Maciej Trybuchowski. The speakers included Nikolay Arnaudov (European Securities and Markets Authority), Emma Kalliomaki (Association of National Numbering Agencies), and Paul Janssens (SWIFT).
Michael Lukac, KDPW Director of Client Relations, delivered a presentation dedicated to SFTR. Sławomir Zając, KDPW Trade Repository Director, took part in the debate “MiFID II/MiFIR Reporting: Practical Lessons Learned”.
The KDPW Group is a key infrastructure institution of the Polish financial market. In addition to clearing and settlement services, the registration and processing of securities, the KDPW Group has for years developed a range of complementary solutions which deliver a comprehensive one-stop-shop package of reporting services. The KDPW trade repository has provided derivatives reporting services under EMIR since November 2012. We started to issue LEI codes in 2013 and we operate as an Approved Reporting Mechanism (ARM) since January 2018.
In April 2020, KDPW is planning to expand its services to include reporting of securities financing transactions under SFTR. It is an important part of EU measures improving the transparency of securities financing transactions, the banking industry and the broadly understood financial system. A complementary package of post-trading and reporting services available from a single provider, the KDPW Group, helps to significantly reduce the operating costs on the financial market.
The conference patrons included GLEIF, the Chamber of Fund and Asset Managers, the Polish Banks Association, Asset Servicing Times, and the daily Rzeczpospolita.
Obligations and Next Steps for Regulated Firms under SFTR
The conference presentations are available at https://finance.knect365.com/trade-and-transaction-reporting-warsaw/