Building on our previous discussion about the critical importance of robust governance and proactive self-checking in derivative trade reporting (as explored in “The Governance Gap: Why Businesses Must Strengthen Derivative Reporting Assurance”), this article dives into the specific areas where businesses are encountering challenges. While a strong governance framework is…
Robust governance and internal controls are fundamental necessities in the complex financial regulation landscape. This is particularly true for derivative trade reporting, especially following the significant ASIC rule changes in October 2024. While the industry adapts, a critical observation from the regulator highlights a concerning “governance gap”: many businesses are…
From preventing financial crises to combating market abuse, regulatory reporting plays a vital role in shaping the financial landscape. But what exactly is it, and why is it so important? This blog article provides a comprehensive introduction to the key principles and terminology of regulatory reporting, setting the stage for…
