In today’s financial landscape, regulatory compliance is non-negotiable. The European Market Infrastructure Regulation (EMIR) imposes stringent reporting requirements on financial institutions engaged in derivative contracts. These demands for transparency and risk mitigation have only intensified with the introduction of EMIR Refit this year. Navigating these regulatory complexities demands operational efficiency and accuracy, which is where eflow’s TZTR Transaction Reporting solution steps in.
TZTR has been specifically designed to enable financial institutions to effectively manage their EMIR reporting obligations. By consolidating all reporting activities into a single, integrated digital platform, eflow’s transaction reporting solution offers a robust solution to navigate the complexities of EMIR compliance seamlessly.
How TZTR simplifies your EMIR reporting processes
eflow’s transaction reporting system TZTR has been engineered with a clear objective in mind - to streamline and automate as much of the EMIR reporting process as possible.
Through automated data collation, the system gathers and enriches the data required for the 203 mandatory fields stipulated under EMIR Refit. By cross-referencing your trade data with market data gathered from more than 250 sources, TZTR significantly enhances your data’s accuracy ready for reporting.
The system then generates the ‘regulator-ready’ reports, using advanced error handling and real-time validation capabilities, before automatically submitting them to the relevant Trade Repository in line with regulatory requirements. TZTR also automatically generates a complete digital audit trail of every action taken, which supports compliance audits and internal reviews.
By utilising rigorous process automation and managing data from a centralised digital hub, the risk of reporting errors is greatly reduced and the reporting of vital management information is simplified, driving operational efficiency.
Why choose eflow’s transaction reporting solution for EMIR?
eflow’s TZTR platform is the preferred solution for financial institutions looking to streamline their EMIR reporting processes for several reasons.
Firstly, TZTR provides a holistic solution by consolidating all EMIR reporting activities into a centralised digital platform. This integration eliminates the inefficiencies associated with using disparate systems and manual processes. By centralising data collection, enrichment, submission, and validation, TZTR enhances operational efficiency and reduces the risk of reporting errors. This unified approach ensures that firms can manage their regulatory obligations more effectively and with greater accuracy.
TZTR can also be configured to your specific requirements, including customisation that aligns with the bespoke regulatory strategies and risk profiles of individual financial institutions. The flexibility afforded by the technology is crucial in allowing firms to test, refine and adapt their approach to continuously evolving regulatory requirements. By being able to accommodate changes in regulatory landscapes seamlessly, TZTR enables organisations to scale their operations while having the peace of mind that they will remain fully compliant.
eflow’s dedicated customer success team provides expert support to its 120+ global clients. From initial onboarding to maximising the value of the technology, the team ensures a seamless transition onto the platform, regardless of whether they are reporting for the first time or migrating from another system. The team’s collective regulatory expertise and extensive transaction reporting experience can be utilised by clients to inform their regulatory strategy and reduce the resources they need to deploy in order to remain compliant.
Book an EMIR Refit Readiness Audit
With EMIR reporting becoming increasingly complex as a result of the additional requirements outlined by EMIR Refit, firms are increasingly turning to robust solutions like TZTR to streamline their compliance efforts.
eflow’s 20 years of industry expertise means that our team of resident experts is perfectly placed to help you find the most effective solutions to your regulatory challenges.
Book a free 30 minute consultationon how to prepare for the new EMIR Refit regulations, including some of the key pain points firms are experiencing.
