Overview
Post reporting regulatory reconciliation ensures that what a firm intends to report and what regulators or trade repositories receive, record, and store are fully aligned. It reconciles internal trade, lifecycle, valuation, and collateral data against the “as reported” records held by regulators and repositories (e.g., EMIR, MiFID II, SFTR, Dodd Frank). The process validates internal vs. submitted vs. repository data, uncovers hidden errors, and ensures complete accuracy, transparency, and control across the entire regulatory reporting lifecycle. The process validates internal vs. submitted vs. repository data, uncovers hidden errors, and ensures complete accuracy, transparency, and control across the entire regulatory reporting lifecycle.
Challenge
Today, many firms assume their reporting obligations end at submission. Significant risk begins after the report is sent. Internal records often do not match what regulators or repositories hold, with issues such as rejected trades, missing lifecycle events, valuation mismatches, incorrect identifiers, failed submissions, and inconsistencies between counterparties.
Most institutions discover these breaks late, or not at all, because reconciliation is still largely manual, spreadsheet‑driven, and lacking transparency. This creates regulatory exposure, data‑quality blind spots, and operational inefficiencies, all of which increase compliance risk and remediation cost.
The Accelerating Forces
Stricter Control Expectations: Regulators are significantly tightening expectations around post‑reporting controls.
Mandatory Daily Reconciliation, proof of data accuracy, exception investigation, and complete end‑to‑end auditability are now becoming mandatory.
Modernisation Imperative: At the same time, more complex regulatory obligations, frequent rule updates, and cross‑jurisdictional reporting requirements are putting pressure on institutions to modernise to ensure they maintain trust, accuracy, and control across an increasingly demanding environment.
Solution
A post‑reporting regulatory reconciliation solution automates the full comparison between internal systems, submitted reports, regulator acknowledgements, and trade‑repository records. It ingests data from internal sources and repositories, normalises fields to regulatory schemas, and performs multi‑layer matching across trade economics, lifecycle events, valuations, counterparty identifiers, and collateral data.
The solution automatically identifies breaks, categorises exception types, and provides workflows for investigation, routing, escalation, and evidence capture. Dashboards offer full visibility on reporting completeness, error rates, and regulatory KPIs, while governance tools ensure end‑to‑end lineage and audit‑ready transparency.
Benefits
- True regulatory compliance: Validates that regulator‑held data matches the firm’s intended submissions, reducing the risk of fines, remediation, and supervisory action.
- Comprehensive visibility and control: Full alignment across internal → submitted → repository data, strengthening governance and oversight.
- Improved data quality: Identifies booking errors, reference‑data defects, missing lifecycle events, and valuation discrepancies early.
- Operational efficiency: Eliminates manual reconciliation and spreadsheet dependencies, significantly reducing investigation time.
- Better counterparty alignment: Quickly uncovers mismatches in UTI, LEI, lifecycle events, and bilateral records.
- Future‑proof scalability: Adapts easily to evolving regulatory regimes, new asset classes, and additional repositories.
Next Steps
To discover how Smartstream can help delivers automated, end‑to‑end auditability across your regulatory reporting lifecycle, request a demo or contact our team at smart.stream.
