Report Hub to strengthen Delta Capita regulatory services
As it looks to grow its portfolio of customised financial contract services, Delta Capita has purchased DTCC’s regulatory-reporting engine. Report Hub will boost Delta Capita’s ability to assist banks with a slew of new regulatory requirements.
Mark Aldous, global head of capital markets managed services at Delta Capita, stated, “The acquisition of the industry’s leading pre- and post-trade reporting tool complements our deep expertise in trade reporting, enabling us to meet our clients’ requirements across technology and managed services to advisory and regulatory reporting operations. Report Hub complements Delta Capita’s existing range of specialist managed services and technologies across derivatives and structured products, post-trade, market infrastructure, pricing and risk, and KYC services.”
With Commodity Futures Trading Commission Phase 3 swap deadlines, Europe’s Securities Financing Transactions Regulation rewrite converging, and emerging reporting mandates, banks are facing the perfect storm of compliance demands. Report Hub provides a highly efficient solution for pre- and post-trade reporting, helping firms manage the complexities of global regulatory reporting mandates in eight global jurisdictions and 14 regulatory regimes, including EMIR, MiFID, SFTR, MAS, ASIC and CFTC – and the deal accelerates Delta Capita’s regulatory reporting transformation to that end.
The acquisition extends Delta Capita’s client base to nearly 250 institutional clients globally including banks, hedge funds assets managers across Europe, APAC and North America and accelerates Delta Capita’s vision to deliver managed services and technology in complex operational areas across the financial services industry.
Joe Channer, CEO at Delta Capita, added, “Through further investment and innovation we expect Report Hub to become the industry’s first choice for multi-jurisdictional pre-reporting and post-reporting obligations. Combined with our regulatory operations and advisory capabilities, Delta Capita now offers a complete range of services to support clients regulatory reporting, accelerating our strategy for delivering mutualised managed services across the capital markets value chain.”
Delta Capita is a global capital markets managed services, technology and consulting provider. With a team of over 1,500 professionals across Europe, Asia, and the Americas, Delta Capita specialises in delivering multi-client managed services by integrating advanced technology, skilled talent, and robust infrastructure.
