Our services act as a shield against the regulator, providing the controls you need to effectively manage your reporting risk.
Our accuracy testing is unique in fully assessing the quality of data reported to the regulator
- Checks all reported 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 testing across all records at a frequency suited to your business and trading volumes — 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.
Our end-to-end reconciliation service tests for the completeness of reporting
- Independently applies the reporting criteria
- Identifies mismatches of data between a firm’s trading systems and what has been reported to the regulator
- Pairing and matching
- Includes reported and non-reported trades.
What do you get?
- Periodic end-to-end reconciliations at a frequency that you require (usually monthly or quarterly depending on trading volumes)
- A summary reconciliation report following each run which includes detailed results including any errors
- Fully quantified findings.
Often overlooked, incorrect reference data accounts for nearly half of all reporting errors. This service checks if the correct counterparty or client has 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 where these are missing from your data.
Download our Reference Data Testing product sheet
Together with data quality, a robust control framework is a key expectation of regulators
- A full governance framework and suite of policy and guidelines documentation
- Addresses control and governance issues identified in regulatory fines for incorrect reporting
- Tailored to your business’s internal arrangements and reporting policies
- Designed by our regulatory reporting subject matter experts who include ex-regulators.
What do you get?
- A reporting risk and accountability framework tailored to your firm
- All required policy and guidelines documentation
- Expertise and support from our helpdesk.
Developed and delivered by our regulatory experts, our CPD-accredited courses are endorsed by the CISI.
Training is an integral part of the systems and controls that a company needs to have in place to be reporting accurately. Our regulatory experts have developed half-day core training courses for EMIR, MiFIR and the upcoming SFTR.
Meet the Trainers
Our SFTR training course is delivered by the former chair of the ICMA Taskforce on SFTR, Jonathan Lee.
We are happy to deliver this course in-house and tailor it to your requirements.
Contact us for bespoke options
Why Kaizen?
• An independent ongoing assessment of reporting quality
• Know where your reporting is correct and where your errors are
• Services are designed and enhanced by former regulators and industry experts
• Reduced risk of over or under-reporting and mis-reporting
• Detect your reporting issues before the regulator to avoid regulatory penalties, sanctions or costly remediation
• Safe and secure data handling – we are ISO 27001 accredited.
Contact usWe can you help you reduce costs, improve quality and increase confidence in your regulatory reporting.