Markets regulatory reporting system of the year: S&P Global Market Intelligence Cappitech

S&P Global Market Intelligence Cappitech has been awarded Markets regulatory reporting system of the year at the Risk Technology Awards 2023, highlighting the company’s commitment to meeting the industry’s needs in markets regulation. Through its technologically advanced platform, global approach and comprehensive service, Cappitech has distinguished itself as a leader in the market.

The integration of IHS Markit and Cappitech following acquisition by S&P Global has allowed Cappitech to offer a seamless and integrated platform that caters to the diverse regulatory requirements across multiple jurisdictions. By providing a single intuitive dashboard with connectivity to all main approved reporting mechanisms and trade repositories, Cappitech ensures financial institutions can comply with regulatory requirements efficiently and effectively. The platform covers a wide range of regulatory regimes, with a strong focus on staying ahead of upcoming regulatory changes.

A key factor that differentiates Cappitech is its comprehensive coverage of local markets and jurisdictions where clients are active. This global approach has resonated with Cappitech’s client base, the majority of which utilises Cappitech for two or more regulatory reporting regimes. By offering a single service that covers multiple jurisdictions, Cappitech streamlines the reporting process for its clients and provides them with important local expertise.

Moreover, Cappitech’s pricing model ensures customers receive fair and transparent pricing based on the complexity of their reporting processes. The company offers annual licences with unlimited trade volumes, eliminating concerns about fluctuating operating budgets because of changes in trade volume. Clients with multiple reporting jurisdictions also benefit from significant discounts, as subsequent jurisdictions are considered add-ons, at a lower annual fee. 

Cappitech’s commitment to innovation and continuous improvement is reflected in its exceptional data visualisation in regulatory reporting and analysis. The dashboard stands out – it empowers financial market participants to derive additional insights, make better decisions and improve overall profitability. Additionally, Cappitech takes an industry leadership role by actively collaborating and fostering consistency across the market. The company has led initiatives such as the UK Securities Financing Transactions Regulation design partnership and the creation of working groups to prepare for upcoming regulatory changes, such as the European Market Infrastructure Regulation (Emir) Refit, the Australian Securities and Investments Commission and Japanese Financial Services Agency implementations.

Over the past 12 months, Cappitech has undergone significant changes to enhance its product and service offerings. It has focused on preparing for the Commodity Futures Trading Commission rewrite, a major change to US reporting obligations that went live on December 5, 2022, and has successfully onboarded a wide range of clients. The company has also expanded its managed services for regulatory reporting, providing comprehensive stack assessments, dedicated onboarding resources and support related to transaction reporting processes. Additionally, Cappitech introduced a powerful engine that helps clients pair their unique transaction identifiers (UTIs) before trade reporting submissions – UTI Connect.

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