The future landscape of European Regulatory Reporting

Article

A view on the future landscape of European Regulatory Reporting

Executive Summary

A view on the future landscape of European regulatory reporting requires an understanding of the current state of financial services regulations. As a next step, one should ask oneself how the markets will react to the new regulatory constraints and what the future goals of regulators might be. A market infrastructure provider with global reach will not only need to adapt to changing circumstances, but should also endeavor to support the progress towards more stable and well-functioning markets. In this, both challenges and opportunities will abound. Regulation forms one of the three central pillars of tomorrow’s markets, together with technological advances and new global markets.

MiFID II, MiFIR, REMIT, CSDR, SFTR, MAD/R—the volume of new regulation due in the near future will have a large impact on the infrastructure, resources and budgets of market infrastructure providers and their subsidiaries. The ubiquity of acronyms adds complexity and difficulty to seeing the synergies between regulations and any potential savings. From the regulators’ perspective, the task at hand, namely that of policing all financial markets to fulfil the G20 mandate of preventing the world from sliding into a new financial crisis, appears even more herculean.

 

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Performance magazine issue 19, January 2016

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

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