Overview
An energy trading firm seeking domain expertise in regulatory data management to bring its reporting processes fully in-house.
Challenge
The firm’s outsourced regulatory reporting provider had misreported on its behalf, prompting a decision to take full ownership of its regulatory data management. It needed to control the end-to-end reconciliation of the reference data it reported to trade repositories.
Solution
The firm implemented Smartstream’s Smart Data EMIR Refit Regulatory Data Service, providing the foundation for in-house regulatory data management and reconciliation.
Benefits
The firm gained enhanced in-house control over its regulatory reporting, with increased transparency and accountability across reporting processes. Internal teams were equipped with the tools needed for efficient data reconciliation. High-quality reference data improved the accuracy of submissions to regulatory authorities, driving compliance and operational excellence.
