at Financial Technnology Year
Please contact them if you have any questions.
Features in Regulatory Reporting Solutions
for Treasury Compliance
Platforms that automate the preparation and submission of reports required by financial regulators, such as EMIR, Dodd-Frank, and MiFID II.
We ask vendors to mark their product against our feature list. It is not available for all products and in some cases we have derived data from publicly available sources. The list of features follows. Vendors can add a further 10 key features of their own.
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.