QP Dufournet-Tran, IHS Markit - SFTR 6 Month Review
Pierpoint Perspective$
English - January 29, 2021 07:45 - 1 hour - 41.7 MBInvesting Business investing securities lending finance Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Que Phuong Dufournet-Tran, IHS Markit, takes listeners and host Roy Zimmerhansl through a review of the progress at the six-month stage after initial SFTR implementation.
Que Phuong works at IHS Markit in Trading and Services regulatory affairs, leading relations with industry associations and regulators for more than a year. In January her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and business intelligence solutions.
You can read Que Phuong's article that grabbed my attention at: http://bit.ly/SFTRQPDT
Timeline
00:00 Introduction
3:59 Interesting beginnings for SFTR journey
6:31 Initial observations on first six months
7:51 Key positives of the implementation
10:31 Achieving a high Acceptance Rate
13:42 Documentation break issues and resolution
14:33 Problems with Legal Entity Identifiers (LEI)
17:41 Improving counterparty exposure oversight
22:25 Turning to less positive aspects of implementation
30:31 Addressing the outstanding issues and priorities
33:22 Integrated information rather than UK/EU split
38:40 BAU or ongoing investment?
45:30 Minimum viable compliance vs Target Operating Model change
46:15 Outlook six-twelve months from today
47:11 Harmonisation of data
51:55 Learning from EMIR, Q&A process, Brexit
54:28 Additional responsibilities for Que Phuong
59:30 Roy's wrap-up
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