Majority of MiFIR/EMIR transaction reports 'inaccurate'

clock • 1 min read
Majority of MiFIR/EMIR transaction reports 'inaccurate'

Research by ACA Group has detected more than six million transaction reporting costs that it says "expose huge gaps for market abuse and systemic risk monitoring". The risk specialist found the transaction reporting errors across a sample of 30 review projects averaging 200,000 errors per review. Some 97% of reports under MiFIR and EMIR regulation contain inaccuracies, according to ACA Group. Despite this, the majority of firms (87%) have expressed confidence in their reporting, rega...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login