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Regulatory data quality for
EMIR reporting

Stay ahead of the demands of the EMIR Refit with an agile post-reporting solution.

Tell me more

Data accuracy, completeness and timeliness in focus as EMIR Refit tightens reporting rules

Phase I of the EMIR Refit goes live on 29 April 2024 in the EU and 30 September 2024 in the UK. In addition to 89 new fields to report and tighter error notification windows, data quality is in the spotlight. There are explicit requirements to ensure reported data is complete, accurate and timely. This will mean ensuring data quality upstream and performing post-reporting reconciliations quickly across diverging EU and UK regimes.

Be ready for the Refit.

Phase 1 goes live in EU in:

00
days

Phase 1 goes live in UK in:

00
days

An agile new response
to the EMIR Refit

The Refit’s changes will stretch firms’ web of point solutions and outdated legacy systems to breaking point. It’s time for a new approach that embraces advances in data technology to provide unprecedented agility to the business.

Our extensive regulatory reconciliation experience alongside our scalable, no-code, SaaS platform, expert professional services and out-of-the-box EMIR Refit solution can help you reduce costs, complexity and time to value.

You can be ready in as little as a month and reduce the time your operations team spends on maintenance with reconciliations that are automatically updated as regulations change.

Challenge

Avoiding fines and sanctions

Problem

Inaccurate or incomplete data leads to attention from the regulator. And it’s not just fines that are expensive. Audits and remediation programmes are costly, and the reputational damage can be significant.

Solution

Duco can help you ensure the data you’re sending to TRs is accurate, complete and in the right format. Our solution helps you meet the requirements of post-reporting reconciliations and quickly and easily identifies issues that need correcting upstream.

Challenge

Cost and resource requirements

Problem

Building and maintaining new reconciliations is resource hungry. Budgets and people that could deployed to actual value-add work are instead being allocated to change management.

Solution

Duco’s pre-configured solution updates automatically when requirements change. Business users can update parameters in the platform using no-code Natural Rule Language, eliminating lengthy and costly build projects.

And because Duco is a true cloud-based SaaS platform, there are no upgrade costs.

Challenge

Scalable processes

Problem

Scaling is a challenge with inflexible tech and huge internal change control projects.

Solution

Our pre-configured solution is already mapped to the relevant ISO XML fields and is linked to our Data Prep module, meaning you can ditch ETL and normalise data quickly and easily in the platform. You can scale quickly without adding cost or sacrificing controls for speed.

Challenge

Visibility and control

Problem

Breaking up controls to handle the size and shape of EMIR data can introduce opacity and the potential for errors in addition to the standard noise of false breaks. If you can’t fully trust your data, you’re in for a lot of sleepless nights.

Solution

Duco can handle the volume and shape of regulatory data in a single process, so there’s no need to manually stitch together the total picture. Configurations are self-documenting, with additional implementation notes from Professional Services where needed for greater operational clarity.

EMIR Refit solution

Duco offers an accelerated solution for EMIR Refit readiness that combines the expertise of our professional service team with our robust platform capabilities.

Health check

Operating model diagnostic

  • Get clarity on business architecture
  • Map systems, data flows, processes and control points
  • Uncover gaps, risk areas and opportunities for control improvements

Scope & build

PS-supported custom configurations

  • Validate, transform and enrich data
  • Smooth UAT and deployment to production
  • Optimise for future change

Assurance controls

Intersystem and post-reporting

  • Eliminate maintenance reconfigured EMIR processes and automatic XML schema updates
  • Improve visibility with operational dashboards
  • Self documenting, auditable and transparent controls

Regulatory data quality. Simplified.

The Duco platform is the only choice when you need to respond fast, stay in control of your data, create transparency and future-proof your operations.

You’re in control

From our no-code Natural Rule Language to the Duco Alpha machine learning engine, our solution is designed to be user-friendly in every way, from setup to documentation.

Agile compliance

Adapt to the changing demands of regulators with ease and at short notice. From remapping existing processes to handling new data types, Duco’s data quality solution for the CFTC Rewrite keeps you one step ahead.

See everything

Get end-to-end transparency of your regulatory data quality processes and manage permissions on a granular level. Every action is recorded for complete auditability.

Always ready

Our platform is data agnostic and easily connects to both upstream and downstream systems. Whether it’s the regulation that evolves or your tech stack, Duco’s data quality solution comes with flexibility baked in to keep you future-proofed.

With Duco we were finally able to reach the high level of quality we strived for in regulatory reconciliations.

Joyce Verschaeren, Head OC&S at Rabobank

Transaction data needs to undergo a number of enrichment processes between front office capture and the final report, which need to be replicated in the reconciliation process, covering large complex data sets. The quick deployment, flexibility and usability of Duco’s self service application enables us to efficiently build towards this reconciliation process with very little technical support.

Ranith de Silva, Head of Operations, Redburn

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CASE STUDY

Data quality controls for EMIR and more at a tier one bank

Discover how a tier one bank used Duco’s agile solution and derivatives expertise to build regulatory data controls, including for EMIR reporting, in just one week and give end-to-end ownership to their business users.

Seeing is believing.

Book a 30 minute demo to see Duco in action and discover
a faster, smarter way to manage your data.

Unlock the power of your data with Duco

Fill in the form to watch an extended demo of the Duco Platform in action.

We’re committed to your privacy. Duco will only use the information you provide to contact you about our relevant content, products, and services. You can unsubscribe from our communications at any time. More information is available in our Privacy Policy.