ISDA and BNP Paribas have successfully tested and implemented digital regulatory reporting (DRR) under the amended CFTC Rewrite rules, a landmark moment in bringing DRR into production.
Speaking to Thomson Reuters REGnosys CEO, Leo Labeis, said: “now there exists a coded version of the CFTC rewrite that any firm can go and use. It's a proven body of codified rules that will quickly expand to cover more reporting regimes. Where previous collaborative ventures have run against the lack of effective tools, DRR equips the sector with the necessary capabilities to work together in open source.”
Read the full article here.
30 September 2023
CFTC orders three major US banks to pay over $50 million for swap-reporting failures