Are the trades reported accurate?
Key facts

  • Checks all reportable data fields for accuracy, validity and timeliness
  • Delivers full visibility of reporting quality
  • Identifies over-reporting
  • All reported records are tested for MiFID II reporting
  • All open positions are tested for EMIR trade reporting
  • Easily accommodates high volumes and tailored to each firm’s activities.

What do you get?

  • Regular accuracy testing across all records at a frequency suited to your business — usually monthly or quarterly
  • Full test results within six weeks including detailed management information
  • Full details of reporting records in error to simplify the back-reporting process

Find out more in our Accuracy Testing product sheet.

Key Facts
Have the right number of trades been reported? 

  • Compares your reportable records against those reported to regulators to test for reporting completeness
  • Obtains source data from trading systems
  • Pairing and matching
  • Includes reported and non-reported trades
  • Identifies mismatches of data between trading systems and ARM or regulatory data sources. 

What do you get?

  • Periodic end-to-end reconciliations at a frequency that you require (ie. monthly or quarterly depending on trading volumes
  • A summary reconciliation report following each run which includes detailed results including any errors
  • Fully quantified findings

Find out more in our Advanced Reconciliation product sheet.

Key Facts
Has the correct counterparty or client been reported?

  • Executes a range of tests to counterparty and instrument reference data for both accuracy and completeness
  • Full population of reference data is tested for complete mappings to the appropriate identifiers
  • Assesses the use and allocation of internal identifiers
  • Normalises legal name and address
  • Real-time checking of Legal Entity Identifiers (LEI)

What do you get?

  • Summary management report on your data, detailing the risks identified and testing findings
  • Summary information on the shape of your reference data
  • A list of all findings by reference data record providing complete transparency and an audit trail
  • Proposed values for LEIs, BICs and FRNs where these are missing from your data, for your confirmation

Find out more in our Reference Data Testing product sheet.

Key Facts
Is the right governance in place?

  • A full governance framework and suite of policy and guidelines documentation
  • Addresses control and governance issues identified in FCA fines for reporting
  • Tailored to your business’s internal arrangements and reporting policies
  • Designed by our CEO Dario Crispini, former head of the FCA’s Transaction Monitoring Unit

What do you get?

  • Reporting risk and accountability framework tailored to your firm
  • All policy documentation
  • Expertise and support from the Kaizen helpdesk and our regulatory reporting wiki
  • CPD-accredited training on reporting obligations delivered by our subject matter experts

Find out more in our Control Framework product sheet.

How does it work?

ReportShield™ is delivered as a managed service with testing and reconciliations taking place at a frequency suited to your business. You can mix and match components to your business needs and the service can also be used to deliver a one-off health check of your regulatory reporting.

The service is tailored to your business requirements which is vital to ensure effective results.

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We can help you effectively identify and manage your regulatory reporting risks to build the confidence of senior management and the regulator.

Contact us