Agenda
Preparing for the EMIR Re-Fit
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Regulatory Reporting Briefing
Thursday, 22nd June, 2023 @ 8:00 am - 12:00 pm
Preparing for the EMIR Refit
RegTech Insight is proud to announce the launch of its half day Regulatory Reporting Briefing taking place in London and focusing on: Preparing for the EMIR Re-Fit.
With ESMA having recently published the final reporting validations for EMIR Refit, financial institutions must be ready for the go-live date of 29 April 2024 in Europe and 30 September 2024 in the UK.
Significant challenges include managing the cost and complexity of regulatory divergence between the EU And UK; sourcing data for additional reportable fields, a focus on data quality, and a shift to reporting using ISO 20022 XML; introducing the UPI; changes to the UTI, and identifying and fixing errors within a tighter timeframe. Given the scale of these operational challenges, financial institutions must ensure their reporting models are agile and flexible enough to handle the scope and volume of changes coming in.
Join our morning briefing to explore how to prepare for the implementation of EMIR Refit. Hear from our expert speakers as they talk through the impact of the EMIR Refit requirements and provide practical guidance and advice on how to approach implementation and compliance.
Topics include:
- Defining EMIR Refit requirements and the impact on existing systems
- How to manage EU-UK regulatory divergence for EMIR Reporting – go live dates, delegated reporting
- How to manage changes to existing reportable fields
- Meeting the demands of data sourcing for additional reportable fields
- Developments in data standardisation and harmonisation – the role of the UPI and UTI
- How to ensure a robust control framework to manage data quality accuracy and completeness
- Addressing the challenges of achieving reporting using ISO 20022 XML
- Making sure reconciliation processes and exceptions management are fit for purpose
- The role of cloud, AI, APIs and blockchain in providing data management efficiencies and automation in EMIR ReFit reporting
- Opportunities of getting EMIR Refit right, challenges of getting it wrong
08:15
Registration & Networking
09:00
Opening and Welcome
09:05
Regulator Keynote: Preparing for EMIR Refit
- Reporting requirements for EMIR Refit
- A focus on data quality
- Key messages and implementation priorities for market participants
09:30
Panel: EMIR Refit – Tackling key data challenges for reporting
- How should firms prepare for EU and UK regulatory divergence for EMIR reporting in 2024?
- How should firms manage changes to existing reportable fields and data sourcing for additional reportable fields?
- What are the developments in data standardisation and harmonisation and how best to enrich and validate reference data with the UPI and UTI?
- How should firms ensure a robust control framework to manage data quality accuracy and completeness?
- What are the considerations around investing in technology and working with 3rd parties to help ease the reporting burden?
10:15
Keynote: Best practice approaches for EMIR Implementation
10:35
Networking and refreshment break
11:00
Panel: Leveraging RegTech and automation for EMIR Refit reporting efficiencies
- How can firms apply what has been learned from earlier reporting initiatives for a smooth implementation?
- What are the best approaches for getting systems and platforms ready for the automated ISO 20022 XML reporting format?
- What role do cloud and SaaS solutions play in streamlining processes and improving agility and flexibility in reporting platforms, so they are ready to handle future regulatory change?
- How can automation be harnessed for more efficient reconciliation management and how best to approach this?
- How can firms ensure the right mix of technology, people and expertise to effectively deliver the required changes for EMIR Re-fit?
11:45
Ends