REGnosys CEO, Leo Labeis, shares his thoughts on the news that ISDA and BNP Paribas have successfully tested digital regulatory reporting (DRR) under the amended CFTC Rewrite rules, which go live on December 5:
“Ultimately, this year’s cross-industry effort to tackle the US regime will have a major impact on future regulatory reporting practices. 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 in Securities Finance Times.