Regulatory Change

Tier I Investment Bank

Documentation and implementation of EMIR trade reporting

The client was faced with an urgent need to document internal requirements and business process changes that were required to become compliant with EMIR regulation, by reporting OTC and ETD trades across its European entities

What did we do?

Performed a comprehensive assessment of all regulatory requirements, including putting in place the continuous review and monitoring of industry guidelines to determine the potential impact of the latter on the bank in question. The ‘current state’ was determined through the facilitation of a number of workshops, which in turn generated an overview of gaps that needed to be closed to drive regulatory compliance.

What we delivered:

Detailed documentation of full business requirements

Definition of a Target Operating Model for all asset classes

Specification of roles and responsibilities covering all stages of the trade lifecycle

Business benefits:

Achieving regulatory compliance in line with defined new rules

Increased operational efficiencies due to simplifications in the overall Target Operating Model