Regtech: European Trade Repository REGIS-TR Partners Sensiple to Offer Interoperable, Automated Reporting Software

European trade repository REGIS-TR, which is a joint initiative established by the Clearstream (Deutsche Börse Group) and Iberclear (BME Group), will partner with Sensiple, a company offering regulatory technology (Regtech) for making repurchase agreements and facilitating secure lending.

Through the partnership, REGIS-TR and Sensiple plan to offer an interoperable, Internet-based, automated reporting software solution for meeting Securities Finance Transaction Regulation (SFTR) requirements.

The Sensiple team will work cooperatively with REGIS-TR and several other industry participants to integrate its Regtech solution, called Setrega.

The software will support straight-through processing SFTR reporting automation. The companies will also allow users to leverage Setrega’s proprietary technology to delegate their reporting tasks.

Customers may send files to Sensiple so that it can convert them to a format that’s compatible with the ISO standard 20022. This will allow customers to seamlessly report to REGIS-TR under SFTR.

The Setrega solution is cross-jurisdictional in nature, meaning that customers with several different reporting requirements (e.g. to MiFIR, EMIR) within the G20 regulatory framework will be able to use the software to prepare accurate and complete reports.

SFTR requires European Union counterparties to report their securities finance transactions to a licensed or registered trade repository. Sensiple’s SFTR reporting software will leverage its technology stack and data management solutions. The company’s proprietary Regtech software will be integrated with REGIS-TR’s platform, which is one of the largest trade repositories in Europe.

The companies will aim to provide a fully hosted software suite that uses existing industry data workflows to reduce operational costs while lowering the operational burden of SFTR.

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