Our Senior Regulatory Reporting Specialists David Nowell and Chris Machin recently sat down with James Thursfield from FOW to discuss the results of the German Ministry of Finance industry consultation. The article highlights the need for a golden source for reference data and the role of the FIRDS database.
“The regulators are well aware of deficiencies with the FIRDS reference data and already state that it cannot be relied to be complete, accurate and up-to-date,” Nowell told FOW.
“Esma has always, even before go-live, stated that they would not be the Golden Source (even if de-facto they actually are) and no solution has been suggested,” Machin said.
Read the full interview.