Trade and Transaction Reporting

Trade and Transaction Reporting

Our team combines regulatory insight with deep technical expertise to support trade and transaction reporting, thereby enabling firms to reduce risk, improve data accuracy and confidently meet global reporting obligations.

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Trade and Transaction Reporting is a highly complex area that many firms find challenging to interpret and implement effectively. This is evidenced by a number of high-profile enforcement cases over recent years. Failures in transaction reporting can result in significant fines, reputational damage and costly regulatory reviews, including Section 166 Skilled Persons reports.

 

Why Choose Kroll?

Kroll’s Trade and Transaction Reporting Team brings together multidisciplinary specialists with over 30 years of combined industry experience, including direct experience working within the FCA’s Market Reporting Team. This practical regulatory insight, combined with deep technical knowledge of global trade and transaction reporting requirements, enables us to support firms in meeting complex reporting obligations with confidence.

We differentiate ourselves through:

  • A practical, regulator-informed approach to complex reporting challenges
  • End-to-end support, from assurance and implementation to remediation
  • Sophisticated tools, including our automated rules engine, RegAnalyze
  • Experience supporting firms across multiple global reporting regimes
‘‘

I have been very impressed with the work undertaken by Kroll in helping us with a Transaction Reporting review. The knowledge of the individuals we have worked with has been of a very high standard and they have quickly understood the complexities of our business and provided sound and pragmatic advice throughout the review.

— Head of Compliance, Institutional Asset Manager

Common Trade and Transaction Reporting Challenges

  • Fragmented nature of larger organizations due to size and complexity
  • Incorrect assumption of not being in scope
  • Failure to test data accuracy of all reporting fields for all trading and system flow permutations
  • Outdated, inaccurate, incomplete and inconsistent static data
  • Lack of a centralized governance forum or working group consisting of business, operations, IT, compliance and senior management
  • Resourcing constraints, including a lack of subject matter experts or technical specialists
  • Lack of senior management attention, accountability and prioritization 
  • Constantly evolving regulatory requirements

How Kroll Can Help

As a leading adviser in Trade and Transaction Reporting, Kroll provides consistent, high-quality support through a global presence in more than 30 countries.

We help clients address regulatory challenges across multiple jurisdictions through a coordinated and pragmatic approach.

We support clients across a wide range of global reporting regimes, including:

  • Markets in Financial Instruments Regulation (MiFIR)
  • European Market Infrastructure Regulation (EMIR)
  • Securities Financing Transactions Regulation (SFTR)
  • Monetary Authority of Singapore (MAS) reporting requirements
  • Australian Securities and Investments Commission (ASIC) reporting requirements
  • Commodity Futures Trading Commission (CFTC) reporting requirements
  • Canadian reporting requirements
 

Speak with our experts to assess your reporting risks and identify immediate improvement opportunities.

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