REGIS-TR, the pan-European leader in G20 trade repository services will be the Trade Repository of choice for the BME Group, providing a fully flexible reporting service solution for Securities Finance Transaction Regulation (SFTR) requirements.
SFTR requires EU counterparties to report their securities finance transaction details to a registered trade repository. REGIS-TR’s SFTR reporting solution combines experience as one of Europe’s largest EMIR trade repositories, and the only Trade Repository with approval for both EMIR and FinfraG. The BME Group will now be able to offer a holistic solution, enabling customers to meet their reporting obligations in an efficient and cost effective manner.
David Retana, Managing Director, REGIS-TR, said: “We’re delighted to be offering our SFTR services to the BME Group. This announcement marks the continuation of our close collaboration with the BME Group to alleviate the reporting burden for market participants to the greatest extent possible.”
BME is the operator of all stock Markets and financial systems in Spain. It has been a listed company since 2006. BME offers a wide range of products, services and trading systems based on an advanced and stable proprietary technology. The company also provides global market access systems to issuers, intermediaries and investors in Europe, America and Africa. BME is organized into six business-units that represent the broadest and most varied range of products and services that a company in its sector can offer to the financial community: Equities, Fixed Income, Derivatives, Clearing, Settlement and Market Data & Value- Added Services.
REGIS-TR is a central trade repository for trades and transactions across multiple product classes and jurisdictions. The trade repository is open to financial and non-financial institutions and services all of the major regulatory reporting obligations in Europe. REGIS-TR collects and administers details of trades and transactions reported by its clients to give market participants and regulators an aggregated view of positions in compliance with the appropriate regulations. In addition to its core services, REGIS-TR is already progressing well towards its goal of becoming a one-stop-shop for regulatory reporting requirements. In addition to SFTR, it already provides cost effective EMIR and FinfraG regulatory reporting services to more than 1,500 client accounts – facilitating transparency to national and pan-European regulatory bodies. REGIS-TR is a joint venture launched by Iberclear and Clearstream in 2010.