In the news: Jonathan Lee speaks to BobsGuide

Our Securities Financing Transaction Regulation (SFTR) reporting specialist Jonathan Lee recently spoke with Rebekah Tunstead at Bobs Guide to highlight the pressure that tier one banks are putting on trading venues to provide a much more compliant SFTR confirmation file from the beginning. 

“Pretty much everyone in the chain is looking for ways in which to cut costs and to some extent pass on the onus and responsibility to others. Even among the tier one banks, they are looking to trading venues that will provide more of the reportable field in the appropriate format such that they don’t need to collate and process that data themselves,”  Lee says.

Read the full interview.