
Bloomberg’s Regulatory Reporting Services is a suite of solutions designed to help firms meet evolving regulatory trade and transaction reporting demands. These services cater to buy-side, sell-side, and market infrastructure providers, offering integrated, end-to-end reporting processes that ensure compliance, enhance transparency, and mitigate risk.
Vendor
Zendesk Sell
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Key Features - Flexible Integration: Easily integrates into existing workflows via standard APIs or Bloomberg’s order management, electronic execution, and trade capture applications. - Global Connectivity: Connects to all major reporting destinations, including trade repositories (TR), swaps data repositories (SDR), and national competent authorities (NCA). - Data Transparency: Manages the entire reporting workflow with a focus on data transparency, pre- and post-reporting quality assurance, and analytics. - Built-in Risk Management: Offers pre- and post-submission controls with world-class data to improve compliance risk monitoring and management. - Superior Customer Support: Provides 24/7 support from industry-leading customer service teams in 160 countries.
Regulatory Reporting Hub (RHUB) - Comprehensive Coverage: Covers all major trade and transaction reporting regimes across the EU, UK, US, and APAC, including MiFIR APA, MiFIR ARM, SFTR, EMIR, ASIC, MAS, and CFTC. - Global Data Enrichment: Utilizes Bloomberg’s global reference data pools and connects with third-party data providers. - Seamless Submission: Facilitates submission to and feedback from leading regulated reporting venues and national competent authorities. - Custom Reports and Analytics: Generates custom on-demand or recurring reports, with performance tracked over time via trending analytics.
Reporting Assurance - Modular Control Framework: Helps firms meet regulatory obligations with ongoing regulatory intelligence and transparency. - Comprehensive Rules Engine: Provides pre- and post-reporting accuracy and timeliness controls, and enhanced reporting quality checks. - Eligibility and Completeness Controls: Determines reportable trades and confirms if eligible trades have been reported, detecting over/under reporting. - Field-Level Reconciliations: Verifies reporting accuracy against books and records or front office systems. - Built-in Remediation: Generates simplified reports to identify and resolve errors and omissions.
Benefits - Risk Management: Enhances the ability to monitor, manage, and mitigate compliance risks. - Operational Efficiency: Streamlines the reporting process, reducing the time and effort required for compliance. - Regulatory Compliance: Ensures adherence to global regulatory standards through comprehensive reporting and analytics.
Bloomberg’s Regulatory Reporting Services provide a reliable and consistent approach to regulatory reporting, helping firms manage risk and comply with regulatory standards effectively.