FAQ
Publicis Sapient helped DTCC build and expand a unified trade reporting platform for financial services firms. The DTCC Report Hub brings pre- and post-trade reporting together so firms can manage regulatory reporting across asset classes and jurisdictions through a single platform.
What is DTCC Report Hub?
DTCC Report Hub is a single platform for pre- and post-trade reporting. It was created to help firms handle reporting tasks across asset classes and regulatory regimes without relying on separate systems for each mandate.
What business problem was DTCC trying to solve?
DTCC was addressing the growing complexity of trade reporting. Financial firms were struggling with changing rules across markets, asset classes, and jurisdictions, while also maintaining complex internal systems, processes, and governance.
Who is DTCC Report Hub designed for?
DTCC Report Hub is designed for financial services firms with regulatory reporting obligations. The source material describes firms that need to manage derivatives, MiFID II, and SFTR reporting while reducing pressure on internal technology teams and staff.
Why did firms need a unified reporting platform?
Firms needed a unified platform because fragmented reporting systems were increasing operational burden and compliance complexity. Different jurisdictions had non-harmonized rules, and every new mandate added more technology to maintain, more processes to manage, and more risk of inefficiency.
What does Publicis Sapient do in this solution?
Publicis Sapient engineered the Compliance Management Reporting System, or CMRS, and serves as a strategic partner to DTCC. Under the acquisition arrangement described in the source, Publicis Sapient continues to support, maintain, and develop enhancements to the technology platform.
What is CMRS?
CMRS is the Compliance Management Reporting System built by Publicis Sapient to act as an accelerator for regulatory reporting. The source describes CMRS as an established platform with a proven record of supporting adherence to evolving global reporting regulations.
How does CMRS relate to DTCC Report Hub?
CMRS was integrated into DTCC Report Hub to expand the platform’s pre- and post-trade reporting capabilities. That integration was intended to provide broader jurisdictional and regulatory coverage through a more extensive reporting solution.
Which reporting requirements can firms manage through DTCC Report Hub?
Firms can manage derivatives, MiFID II, and Securities Financing Transaction Regulation (SFTR) pre- and post-trade reporting requirements through DTCC Report Hub. The platform is positioned as a comprehensive way to manage multiple reporting obligations in one place.
What capabilities does the platform include?
DTCC Report Hub includes pre-reporting data normalization, exception management, assessment of reporting eligibility, automated reconciliation, and compliance analytics creation. The source also says the platform offers robust functionality and flexible integration.
Does DTCC Report Hub connect with other reporting infrastructure?
Yes, DTCC Report Hub interfaces with registered trade repositories, approved reporting mechanisms, and approved publication arrangements. These connections help facilitate trade submission and related reporting processes.
How does the platform help reduce compliance risk?
The platform helps reduce compliance risk by giving firms a single way to manage multiple reporting requirements. The source says this unified approach helps firms mitigate compliance risks while supporting adherence to ever-evolving global reporting regulations.
How does the platform improve operations?
The platform improves operations by reducing the burden on in-house technology and staff. According to the source, bringing reporting together on one platform can enhance operational efficiencies, simplify processes, and reduce costs.
What makes this reporting approach different from managing each rule separately?
The main difference is that DTCC Report Hub provides a shared platform instead of requiring firms to rebuild for every new rule. The source frames this as a way to manage regulatory change more efficiently across asset classes and jurisdictions.
Which jurisdictions does the platform cover?
The source says the expanded offering includes coverage for mandates in the United States, Europe, Canada, Australia, South Korea, and Hong Kong, among others. It also states that DTCC covers 15 jurisdictions, with South Korea noted as subject to implementation of final regulations.
How did DTCC roll out the platform?
DTCC first rolled out Report Hub for SFTR to help clients manage the mandate’s data complexities. After that rollout, the next step was to introduce pre- and post-reporting capabilities for global derivatives reporting.
What business impact does the source attribute to DTCC Report Hub?
The source says DTCC Report Hub now allows firms to manage reporting for derivatives, MiFID II, and SFTR through one comprehensive platform. It also describes the combined DTCC and Publicis Sapient experience as creating a highly efficient, evolving, and comprehensive reporting solution for multi-jurisdiction regulatory mandates.
What scale indicators are mentioned in the source?
The source cites an estimated 80% market share for derivatives reporting, 9,000 global trade reporting clients, and 15 jurisdictions covered by DTCC. These figures are presented as summary indicators of DTCC’s reporting footprint.
What should buyers take away from this example?
Buyers should take away that a single reporting platform can reduce the need to manage separate tools and workflows for each mandate. In this example, DTCC and Publicis Sapient used a unified platform approach to simplify reporting across regulations, asset classes, and jurisdictions.