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With AFME (Association for Financial Markets in Europe) #OPTIC2024 less than a week away, don't forget to join Head of Capital Markets for UK & EMEA Michael Hughes , as he moderates a panel of experts discussing 'The FMI of the Future'. For more information about the panel, click the link to view the full agenda - https://lnkd.in/e8PhZdAF #AFME #CapitalMarkets #FMI #FinancialServices #Capgemini

The #FCA published their most recent Market Watch (https://lnkd.in/eKdBRZXY) on 8th?November, highlighting the challenges that a lot of firms still face in ensuring their reporting is complete and accurate.?Whilst the Market Watch is focused on #MiFID, the FCA highlighted that it can apply to both #SFTR and #EMIR. ? The FCA highlighted weaknesses in the following key areas as the root cause of most of these reporting issues: ? - Poor change management processes in terms of documentation, oversight and key person dependencies - Reporting process and logic design being disconnected from the business scenarios - Data governance not being fit for purpose - Poorly designed and maintained controls - Governance, oversight and resourcing ? Our team of experts have extensive experience in supporting firms address key compliance and oversight challenges such as these. To find out more about how we can support your regulatory compliance journey, get in touch! #CapitalMarkets #RegulatoryReporting #Compliance

On October 31st 2024, the Canadian Securities Administrators (CSA) published blanket orders which allow end-users to benefit immediately from exemptions from inter affiliate and valuation reporting, an extended reporting deadline, and increased notional thresholds for commodity eligibility?introduced by the Canada Rewrite reporting amendments. As a result of these orders, end-users will no longer need to wait until the compliance date of July 25th 2025,?to apply these exemptions. ? The Canada Rewrite amendments, among other changes, reduce the regulatory burden for certain market participants that are not derivatives dealers or clearing agencies, referred to as "end-users": - End-users are now exempt?from reporting valuation data quarterly. - The reporting deadline for end-users is extended from T+1 to T+2 . - End-users are not required to report commodity derivatives if their aggregate month-end gross notional amount under all outstanding commodity derivatives is less than $250,000,000. Previously, this threshold was only $500,000. - End-users are not required to report derivatives executed with affiliated entities that are also end-users. ? Our team of experts are already helping our clients assess the impact of the Canada Rewrite changes ahead of go-live, as we continue to help firms navigate the evolving industry landscape. ? #CSA #CFTC #Compliance #RegulatoryReporting #CapitalMarkets Media Release:?https://lnkd.in/epDuHV8A CSA Notice:?https://lnkd.in/eRd9MGsv OSC Blanket Order:?https://lnkd.in/ehuPu9Sd

We're proud to share that our solution, Unstructured SSI Automation, has been named runner-up in the first challenge of the Swift Hackathon 2024! This marks our second consecutive year being recognized at this prestigious event. Our innovative solution addresses a critical challenge in capital markets by automating manual components of Standard Settlement Instructions (SSIs), improving post-trade speed and accuracy. Leveraging Gen AI and our deep expertise, this solution enables brokers to streamline processes, reduce costs, and ensure timely, error-free transactions. We are thrilled to see our team's hard work acknowledged once again. A big congratulations to the entire hackathon team! Special thanks to Niraj Parihar, Ramana Bhandaru, Arindam Choudhury, Benoit Julia, and Vishal Jayanty for their support.

Reflecting on a very enjoyable two days at the AFME #OPTIC2024 Conference, it was great to meet up with so many friends and to hear from such a broad range of experts across the panel discussions. Three themes, among many, seemed to recur throughout the conference: 1)?T+1 is coming to the UK & Europe, and while the results from America have been encouraging, the additional complexities of the European landscape mean that we cannot be complacent here, with the drive towards automation being critical. 2)?Technology developments continue to accelerate in areas such as AI and DLT, providing plenty of scope for progress for our industry. Effective regulation, reduced technical barriers to adoption, and especially a focus on client value are all vital to unlocking these opportunities however. 3)??Industry collaboration is vital for this community. The challenges ahead are shared and industry associations like AFME (Association for Financial Markets in Europe), as well as our #FMI providers can help us coalesce around collective solutions, but the onus is on us all to come together. I would especially like to particularly thank fellow panelists Alex Dockx, Pablo Portugal and Marcus Austin, for their insightful contributions and good humour on yesterday’s “FMI of the Future” discussion, as well as Pete Tomlinson for bring us all together. The result was I thought, a very engaging and valuable conversation on an increasingly important topic. #capitalmarkets #securities #FMI #PostTrade #Operations #Technology #tplus1 #capgemini

With AFME (Association for Financial Markets in Europe) #OPTIC2024 just a few days away, we are excited to have a team of our Capital Markets experts attending the conference. Covering a range of topics within the Capital Markets ecosystem, this is a valuable opportunity to hear from industry leaders as they discuss the key challenges facing market participants today. For more information about the event, click the link to view the full agenda - https://lnkd.in/ePFZaYPF #AFME #OPTIC #FinancialServices #Capgemini #CapitalMarkets

We are looking to forward to our Head of Capital Markets for UK & EMEA Michael Hughes moderating a panel of fellow experts, as they discuss the future of Financial Market Infrastructures. For more information, click the link below! #AFME #OPTIC2024 #CapitalMarkets #FinancialServices #FMI

Head of Capital Markets for UK & EMEA Michael Hughes gives his thoughts on how FMI providers can lead a new wave of collaboration within Post-Trade Capital Markets in the article below #CapitalMarkets #Capgemini #FinancialServices

Make sure you visit our new Capgemini Capital Markets webpage to find out more about our services, and to read more insights from our team of Capital Markets experts #Capgemini #GetTheFutureYouWant #CapitalMarkets