EMIR Transaction Reporting Programme
Working across five asset classes, our team played a major role in supporting a client’s EMIR Transaction Reporting Programme.
The brief
Our client had learnt tough lessons from its Dodd-Frank reporting implementation around the quality of communication and cohesion required to deliver a large, complex programme successfully. We were brought in to work as a cross asset team, joining up business requirements, functional design, analysis and implementation to ensure a smoother delivery and better outcomes for all.
The solution
Working directly for our client’s EMIR Reporting Programme Manager, our teams effectively interpreted and translated ESMA regulations, bringing them to life for each asset classes’ specific requirements. We also created and maintained a process for the complete traceability of all regulatory documents, internal decision forums and industry papers, plus business requirements, functional specifications and testing.
Our team helped improve the bank’s operating model by identifying key areas where manual processes were required to support the technical architecture.
The results
Our client’s EMIR Transaction Reporting programme was applauded for its cohesive approach, universal buy-in, effective communication channels from the leadership team and asset classes and its clear delineation between asset classes and cross asset deliverables.