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SFTR

Securities Financing Transactions Regulation (SFTR)

The proposal for a Securities Financing Transactions Regulation (SFTR) provides a set of measures aiming to enhance regulators’ and investors’ understanding of securities financing transactions (SFTs). During the financial crisis, regulators and supervisors encountered difficulties in anticipating the emergence of risks in the area of securities financing. Both internationally and in the European Union, it was widely agreed that transparency needs to be enhanced.

Objective

SFTR is part of a globally coordinated effort initiated by the Financial Stability Board (FSB) to reduce financial stability risks from shadow banking activities.

The regulation will require companies to report their SFTs to an approved EU trade repository.

Time line

On 12 January 2016, the regulation to improve the transparency of securities financing transactions and their further use entered into force. In 2018, the European Securities and Markets Authority (ESMA) and the European Commission adopted the technical regulatory standards (Level 2 measures) of the SFTR. The regulations are to be applied from 2020.

SFTR: the highlighted parts of the value chain are affected

Deutsche Börse’s Regulatory Reporting Hub to start SFTR services

The solution will help our clients to manage their SFTR reporting challenges and it will improve reporting data quality and reporting efficiency.

SFTR Transaction Reporting training

REGIS-TR will collaborate with Market FinReg to provide a comprehensive training solution for the Securities Financing Transaction Regulation (SFTR).

REGIS-TR: solution for SFTR reporting requirements

SFTR requires EU counterparties to report their securities finance transaction details to a registered trade repository. REGIS-TR, the pan-European leader in G20 trade repository services, provides a fully flexible reporting service solution for SFTR requirements.