REGnosys CEO, Leo Labeis, shares his thoughts on ISDA's launch of the first production-version of the Digital Regulatory Reporting (DRR) model:
"ISDA's first production release of DRR is a landmark moment in regulatory reporting and the result of extensive cross-industry collaboration. Where previous collaborative ventures have run against the lack of effective tools, DRR equips the sector with the means to work together in open source. Firms can now invest in this new approach to create a strong foundation for not only the amended CFTC rules, but also all the upcoming G20 trade reporting rule rewrites. Having played a central role in enabling DRR to reach this landmark moment, we look forward to the next stage of its journey."
Read the full announcement here.