DTCC partners with REGnosys to support ISDA DRR solution
10 April 2024 US
Image: itchaznong
The Depository Trust and Clearing Corporation (DTCC) has announced that it is working with regulatory trading platform, REGnosys.
The collaboration aims to support industry adoption of the International Swaps and Derivatives Association鈥檚 (ISDA) Digital Regulatory Reporting (DRR) solution and foster compliance with forthcoming global derivatives trade reporting rewrites.
As part of the partnership, REGnosys鈥檚 Rosetta, the first ISDA DRR-native regulatory reporting platform, is connecting to the testing environment of DTCC鈥檚 Global Trade Repository service.
The connection enables the reliable testing of trade reporting submissions made using the ISDA DRR.
Syed Ali, managing director of DTCC Repository and Derivatives Services, says: 鈥淎s more firms consider how to simplify their architectures, this is the next step towards providing a streamlined, standard trade reporting generation application that evolves as rules evolve along with machine-readable regulatory requirements.鈥�
Leo Labeis, CEO at REGnosys, adds: "In a context of rapidly evolving global trade reporting requirements, this is the next step towards offering our clients certainty and effectiveness in hitting compliance deadlines using this solution.鈥�
The next phase of the development efforts is currently underway in the ISDA DRR and is expected to launch in April this year.
The collaboration aims to support industry adoption of the International Swaps and Derivatives Association鈥檚 (ISDA) Digital Regulatory Reporting (DRR) solution and foster compliance with forthcoming global derivatives trade reporting rewrites.
As part of the partnership, REGnosys鈥檚 Rosetta, the first ISDA DRR-native regulatory reporting platform, is connecting to the testing environment of DTCC鈥檚 Global Trade Repository service.
The connection enables the reliable testing of trade reporting submissions made using the ISDA DRR.
Syed Ali, managing director of DTCC Repository and Derivatives Services, says: 鈥淎s more firms consider how to simplify their architectures, this is the next step towards providing a streamlined, standard trade reporting generation application that evolves as rules evolve along with machine-readable regulatory requirements.鈥�
Leo Labeis, CEO at REGnosys, adds: "In a context of rapidly evolving global trade reporting requirements, this is the next step towards offering our clients certainty and effectiveness in hitting compliance deadlines using this solution.鈥�
The next phase of the development efforts is currently underway in the ISDA DRR and is expected to launch in April this year.
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