SFTR is among the most extensive and wide ranging regulatory reporting regimes ever seen in financial services. As an association representing one of the industries most affected by SFTR, ISLA was active throughout both the development and the implementation of the legislation in 2019. By adopting a collaborative approach with the EU policy-making and regulatory community, ISLA was able to drive positive outcomes in terms of balancing the policy objectives for timely transparency and financial stability in these markets, with the needs of its members for practical, efficient implementation. It went about this process in an open, constructive and pragmatic way, that led to a series of balanced outcomes that achieved these dual objectives.
Bertie Huet, FleishmanHillard Europe