London
09 March 2017
Reporter: Stephanie Palmer
NEX launches cross-regulation reporting platform
NEX Optimisation is bringing its suite of regulatory reporting services under a single umbrella with the launch of its NEX Regulatory Reporting solution.

The solution is intended to provide a resilient, multi-jurisdictional, cross-asset product for managing evolving reporting challenges under the second Markets in Financial Instruments Directive (MiFID II), the European Market Infrastructure Regulation (EMIR) and other international regulatory initiatives.

It will include analysis of each client’s reporting environment, allowing for a tailored response depending on jurisdiction, classification and traded instruments. It also provides change notifications and help with managing regulatory changes.

NEX Regulatory Reporting is designed to offer transparency into the transaction lifecycle process, improve speed of reporting, and provide insights into underlying data quality

Powered by Abide Financial, an NEX Group business, the solution will be lead by Abide CEO Collin Coleman.

Coleman said: “We are delighted to introduce this powerful platform to the industry. Clients will benefit from seamless processing of large data volumes under multiple regulatory regimes and transparent delivery of final reports to regulators via a suite of in-house regulatory end points. We will also continue to deliver the high level of service which our clients recognise us for.”

Jenny Knott, CEO of NEX Optimisation, added: “We are proud to launch NEX Regulatory Reporting as a key component of our suite of services to help our clients meet the challenges of new regulation.”

Abide has been an approved reporting mechanism (ARM) under MiFID I since 2011. It has also applied to be an ARM and an approved publication arrangement provider under MiFID II.

It is a registered reporting mechanism under the Regulation of Wholesale Energy Market Integrity and Transparency (REMIT), aggregates reports for EMIR, and runs Asian derivatives reporting to the Australian Securities and Investments Commission and the Monetary Authority of Singapore.

Abide has also filed to become a trade repository for EMIR, and is expecting to be granted approval in 2017.

More regulation news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Profile Software enhances services ahead of MiFID II
19 May 2017 | Bern, Switzerland | Reporter: Becky Butcher
Profile Software has upgraded its web-based platform for wealth management, known as Axia, with new advisory service capabilities, ahead of implementation deadline of MiFID II's 3 January 2018 deadline.
Shadow banking on the up, says FSB
12 May 2017 | London | Reporter: Mark Dugdale
The value of the global ‘shadow banking’ market increased in 2015 to now stand at $34 trillion, according to the Financial Stability Board
Pension funds given three-year exemption to EMIR central clearing
05 May 2017 | Brussels | Reporter: Mark Dugdale
Pension funds have been handed a three-year exemption from central clearing of over-the-counter derivatives under the European Market Infrastructure Regulation
Geopolitics causing confusion in financial crime compliance
25 April 2017 | London | Reporter: Stephanie Palmer
The Trump administration’s approach to regulation is a concern when it comes to financial crime compliance, but experts speaking at the SWIFT Business Forum suggested that attendees may have bigger fish to fry
DTCC pushes ahead with best-interest standards despite regulatory delay
21 April 2017 | New York | Reporter: Stephanie Palmer
DTCC's WMS business will go ahead with new capabilities to meet the US DOL's mandatory best-interest standards for retirement savings, despite the department delaying implementation of the standards
European Parliament takes steps to bolster vulnerable MMFs
10 April 2017 | Brussels | Reporter: Stephanie Palmer
The European Parliament has finalised and approved new rules to make money market funds more resilient to turbulence in the market
Carney: Brexit challenges responsible financial globalisation
07 April 2017 | London | Reporter: Mark Dugdale
Carney’s speech on financial services, delivered at Thomson Reuters in London’s Canary Wharf, comes a week after the UK triggered Article 50 and commenced the two-year period for negotiating its exit from the EU
More regulation news