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Back to Regulatory Reporting Solutions products

Platforms that automate the preparation and submission of reports required by financial regulators, such as EMIR, Dodd-Frank, and MiFID II.

Every feature we track for Regulatory Reporting Solutions products, with a description of what each one means.

Automation & Workflow

Degree of end-to-end automation available for report generation, validation, enrichment, and submission processes.

Auto-notifications & Alerts: Automated notifications for workflow events (e.g., submission failures, due reports).
Automated Data Aggregation: Automatic aggregation of required data from multiple internal and external systems.
Dashboards: Dashboards summarizing status, issues, and key metrics across workflows.
End-to-end Audit Trail: Comprehensive tracking and logging of all steps in the reporting process.
Exception Management: Automated identification, alerting, and handling of exceptions in regulatory reporting processes.
Manual Override: Option for users to manually intervene in the workflow when required.
Real-time Data Processing: Processes data and prepares reports in real-time rather than batch or scheduled processing.
Scheduled Reporting: Ability to schedule automated generation and submission of regulatory reports.
Workflow Customization: Customizable approval and submission workflows.
Workflow Step Count: Number of automated steps available in workflows.

Connectivity & Integration

Interfaces for seamless communication with internal and external systems, market infrastructures, and regulators.

Custom Interface Configurability: Ability for users to create and configure custom integrations without vendor intervention.
Direct Regulator Gateway Integration: Direct interface to regulatory submission portals and gateways.
Inbound/Outbound File Formats Supported: Range of formats supported for data import/export (XML, CSV, JSON, Excel, etc.).
Integration Monitoring Tools: Dashboard or logs for monitoring the status of integrations.
Integration Onboarding Speed: Average time required to onboard and configure new integration.
Message Protocol Support: Support for required reporting protocols (e.g., SWIFT, FIX, SFTP).
Real-time Integration: Supports real-time, event-based data exchange in addition to batch.
Standard API Support: REST, SOAP, or other industry-standard APIs for integration.
Third-party Repository Integration: Out-of-the-box connectivity to trade repositories, ARMs, TRs, and national regulators.

Data Management

Features supporting the collection, transformation, validation, and enrichment of data for regulatory reporting.

Data Enrichment Capabilities: Ability to enrich collected data with regulatory-required fields and reference data (LEIs, UTI/USI generation).
Data File Size Support: Maximum data file size accepted for reporting.
Data Integration Connectors: Out-of-the-box and/or customizable connectors to ERP, Treasury Management, trading, and settlement systems.
Data Lineage Tracking: Tracking origin, transformation, and movement of data used in reporting.
Data Quality Monitoring: Continuous monitoring and reporting of data quality metrics.
Data Retention Policy Configuration: Ability to set retention periods for storing reported data in compliance with regulation.
Data Transformation Engine: Engine for mapping, converting, and normalizing data from various sources/formats.
Data Validation Rules: Predefined and user-configurable data validation rules to ensure data integrity and compliance.
Master Data Management Integration: Integration with enterprise master/reference data management systems.
Missing Data Alerts: Automated alerts for missing or incomplete data elements required for reporting.

Monitoring & Reconciliation

Capabilities for the ongoing monitoring, validation, and reconciliation of reports submitted to regulators and repositories.

Automated Notification of Failures: Automated alerts for failed or delayed submissions.
Automated Reconciliation Engine: Automatic matching of internal records with regulator/TR receipts and confirmations.
Discrepancy Resolution Workflow: Guided workflow to resolve and remediate reconciliation breaks.
Exception Reporting: Flagging and reporting of mismatches, rejected submissions, or errors.
Real-time Status Monitoring: Visual indicators of submission status and completion.
Reconciliation Frequency: Frequency with which reconciliation is performed.
Report Re-submission: Ability to quickly edit and resubmit failed or amended reports.

Performance & Scalability

System capacity and efficiency, including how well it handles large volumes and adapts to growing demands.

Concurrent User Support: Max number of users able to interact with the platform simultaneously.
Data Volume Handled: Maximum volume of transaction data processed per reporting cycle.
Latency: Average end-to-end latency from report initiation to submission.
Report Capacity: Maximum number of reports that can be generated/submitted per day.
Report Generation Speed: Average time to generate a standard regulatory report.
Scaling Method: Nature of scalability (horizontal, vertical, cloud auto-scaling, etc.).
System Uptime SLA: Guaranteed uptime of the regulatory reporting service.

Regulatory Coverage

Extent to which the solution supports reporting for various global, regional, and local financial regulatory regimes.

Automatic Regulation Updates: Automatic updates in response to changes in regulatory requirements.
Cross-jurisdictional Reporting: Simultaneous reporting to multiple regulatory bodies across jurisdictions.
Customizable Report Templates: Customizable templates for various regulatory reports.
Dual-sided Reporting: Supports both reporting parties (buyer/seller or submitter/counterparty for trades).
Historical Regulation Support: Ability to process and report legacy data for past regulatory periods.
Jurisdiction Flexibility: Ability to add or modify supported jurisdictions and regulatory frameworks as requirements evolve.
Multi-entity Support: Can handle reporting for multiple legal entities within a corporate group.
Pre-validation Against Regulation: System validates data compliance with applicable regulations before report submission.
Regulator-specific Formatting: Native support for specific file formats required by different regulators (e.g., XML, CSV, FIX).
Regulatory Guidance Integration: Direct integration of current regulator interpretative guidance and FAQs.
Supported Regulations: List of regulations that can be automatically reported to (e.g., EMIR, Dodd-Frank, MiFID II, SFTR, MAS, ASIC).

Reporting & Analytics

Enhanced analytical/reporting tools to view, analyze, and optimize regulatory reporting processes.

Ad hoc Query Tools: Powerful query and filter capabilities for investigating specific issues/events.
Custom Report Builder: Tool to design and create custom analytical reports.
Data Visualization Widgets: Visual dashboards and charts for submitting, pending, or failing items.
Export/Download Analytics: Ability to export analytical data for further offline analysis.
KPI Measurement: Tools to measure user-defined KPIs related to reporting efficiency and accuracy.
Regulatory Breach Analytics: Analysis and reporting on events where regulations were breached.
Standard Library of Regulatory Reports: Out-of-the-box analytical reports for common regulatory and operational needs.
Trend Analysis Tools: Visualization and analysis of historical and real-time reporting trends.

Security & Compliance

Controls and certification to protect sensitive data, guarantee privacy, and ensure compliance.

Anonymization/Pseudonymization: Supports data anonymization/pseudonymization methods as required.
Audit Logging: Comprehensive logs of user and system activity for auditing.
Breach Notification Mechanism: Automated alerting and notification in the event of a security breach.
Certification Standards: Meets external certifications (ISO 27001, SOC 2, etc.).
End-to-end Encryption: Encryption of data in transit and at rest.
Identity Management Integration: Single sign-on and federated identity support (SAML, OIDC, etc.).
Multi-factor Authentication: Requires multi-factor authentication for access.
Privacy Impact Assessment Tools: Tools for regular privacy and GDPR/CCPA compliance assessments.
Role-based Access Control: Access to features/data is controlled based on user roles and responsibilities.

Support & Vendor Services

Service levels, training, resources, and vendor track record provided to support the reporting solution.

24/7 Support Availability: Round-the-clock access to support staff or helpdesk.
Client Base Size: Number of organizations currently using the vendor's solution.
Customer Success Manager: Dedicated account/service manager assigned.
Customization Services: Availability of expert services to tailor the solution.
Incident Response Time: Average time to respond to critical incidents.
Knowledge Base/Documentation: Comprehensive, regularly updated user documentation.
Onboarding and Training: Structured onboarding and ongoing training offerings for users.
Release/Upgrade Frequency: How often new features or updates are made available.
User Community/Forums: Access to user communities for knowledge sharing and peer support.

Transparency & Auditability

Capabilities to provide traceability, full audit trails, and transparency for all regulatory reporting actions.

Audit Export Options: Exportable logs/audit records in various standard formats.
Change History: Versioning and tracking of changes to data and configurations.
Detailed Audit Trail: Comprehensive records of all interactions, submissions, and data changes.
Read-only Audit Access: External and internal auditors can be granted access to view records without the ability to edit.
Regulatory Submission Proof: Full evidence/logs of regulatory submission (including timestamps, confirmations, and reference IDs).
Retention Policy Compliance: Automatically enforces data retention and destruction policies as per regulation.
Time-stamped Records: All key events are accurately timestamped.
User Action Log: Recording of user-initiated actions for traceability.

User Experience & Usability

Features focused on intuitive navigation, user interfaces, accessibility, and ease of use.

Accessibility Compliance: Complies with relevant accessibility standards (e.g., WCAG).
Bulk Actions: Ability to process and manage multiple transactions/reports at once.
Contextual Help: Integrated help, tutorials, and tooltips contextually within the application.
Mobile Device Compatibility: Responsive or dedicated applications for mobile devices.
Multi-language Support: Interface localization into multiple languages.
Progress Indicators: Visual indication of process/report status.
Quick Search: Fast and easy searching of submitted, pending, or failed reports.
Role-based Dashboards: Customizable dashboards based on user roles and permissions.
User-friendly Interface: Modern, intuitive, and clean UI design.

Regulatory Reporting Solutions features explained

for Treasury Compliance