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The Luxembourg branch of global accounting giant Deloitte has developed a proof of concept for regulatory transaction reporting via a blockchain or as it is otherwise referred to, Distributed Ledger Technology (DLT). Deloitte is addressing with this solution current and future regulatory challenges of OTC transaction reporting from EMIR to MiFIR and SFTR.
“Distributed Ledger Technology offers a world of new opportunities when it comes to trade, post trade and related regulatory reporting. Thanks to smart contracts and DLT, the quality and transparency of reported transaction data will increase and the reporting costs will be substantially reduced,” explains Laurent Collet, Partner at Deloitte Luxembourg. “With a DLT ... (read more)