Our SFTR reporting specialist Jonathan Lee spoke to reporter Sharon Kimathi at the International Financial Law Review (IFLR) about the challenges firms are facing with the implementation of SFTR.
Here’s an extract from the article:
Securities lending desks and trade repositories feel that the new regulation’s 153 data fields are cumbersome, with significant potential for errors and duplication. The UTI requirement is a particular headache.
“There are a large number of fields to complete, not only in terms of the initial transaction but also covering lifecycle events that take place during the course of the transaction,” says Jonathan.
Read the full article.