In response to the impending European Market Infrastructure
Regulation (EMIR) Refit initiative, SmartStream Reference Data Services (RDS),
a provider of financial reference data, has unveiled an upgraded derivatives
data service. This innovative offering aims to furnish comprehensive insights
into futures-related transactions, addressing the evolving regulatory landscape
in the financial industry.
The EMIR Refit initiative, slated to take effect in April
for Europe and September for the UK, is designed to bolster transparency and
stability in the over-the-counter (OTC) derivatives trading market. A primary
focus of concern within the industry and among stakeholders lies in identifying
unforeseen data quality issues and navigating the intricacies of reporting
fields, particularly concerning commodity and energy derivatives.
Financial institutions are actively seeking reliable and
efficient methods to manage their securities reference data to meet the new
regulatory requirements. With the unveiling of the enhanced derivatives data
service by SmartStream RDS, additional attributes will be seamlessly integrated
into the RDS’s Listed Derivatives service and a standalone OTC Derivatives
service. These additions will facilitate the comprehensive spectrum of
reference data required for commodity transactions under the new EMIR regulation.
SmartStream Provides Derivatives Data for EMIR Refit Regulation https://t.co/jF2LgOESGU pic.twitter.com/65betyVvv8
— Latest News from Business Wire (@NewsFromBW) March 12, 2024
SmartStream RDS, known for its commitment to delivering reference
data as a managed service, will harness its extensive trade lifecycle expertise
and highly skilled resources. Through this initiative, SmartStream RDS
endeavors to provide accurate data and customized regulatory operations
tailored to the unique needs of each financial institution. This approach
ensures compliance with the stringent standards imposed by the new EMIR Refit
regulations.
ESMA Incorporates Feedback in Final EMIR Report
Earlier, The European
Securities and Markets Authority (ESMA) released its final report on
guidelines and technical standards for reporting under the European Market
Infrastructure Regulation (EMIR),
effective from April 29, 2024. ESMA aims to enhance harmonization and
standardization of reporting, which will aid in monitoring systemic risk
effectively.
The regulator anticipates that this harmonization will help
contain costs across the reporting chain. This announcement follows the
publication of draft technical standards for the EMIR REFIT regulation.
In response to the impending European Market Infrastructure
Regulation (EMIR) Refit initiative, SmartStream Reference Data Services (RDS),
a provider of financial reference data, has unveiled an upgraded derivatives
data service. This innovative offering aims to furnish comprehensive insights
into futures-related transactions, addressing the evolving regulatory landscape
in the financial industry.
The EMIR Refit initiative, slated to take effect in April
for Europe and September for the UK, is designed to bolster transparency and
stability in the over-the-counter (OTC) derivatives trading market. A primary
focus of concern within the industry and among stakeholders lies in identifying
unforeseen data quality issues and navigating the intricacies of reporting
fields, particularly concerning commodity and energy derivatives.
Financial institutions are actively seeking reliable and
efficient methods to manage their securities reference data to meet the new
regulatory requirements. With the unveiling of the enhanced derivatives data
service by SmartStream RDS, additional attributes will be seamlessly integrated
into the RDS’s Listed Derivatives service and a standalone OTC Derivatives
service. These additions will facilitate the comprehensive spectrum of
reference data required for commodity transactions under the new EMIR regulation.
SmartStream Provides Derivatives Data for EMIR Refit Regulation https://t.co/jF2LgOESGU pic.twitter.com/65betyVvv8
— Latest News from Business Wire (@NewsFromBW) March 12, 2024
SmartStream RDS, known for its commitment to delivering reference
data as a managed service, will harness its extensive trade lifecycle expertise
and highly skilled resources. Through this initiative, SmartStream RDS
endeavors to provide accurate data and customized regulatory operations
tailored to the unique needs of each financial institution. This approach
ensures compliance with the stringent standards imposed by the new EMIR Refit
regulations.
ESMA Incorporates Feedback in Final EMIR Report
Earlier, The European
Securities and Markets Authority (ESMA) released its final report on
guidelines and technical standards for reporting under the European Market
Infrastructure Regulation (EMIR),
effective from April 29, 2024. ESMA aims to enhance harmonization and
standardization of reporting, which will aid in monitoring systemic risk
effectively.
The regulator anticipates that this harmonization will help
contain costs across the reporting chain. This announcement follows the
publication of draft technical standards for the EMIR REFIT regulation.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.financemagnates.com//institutional-forex/smartstream-unveils-enhanced-derivatives-data-for-emir-refit-compliance/
