REGnosys Comment On ISDA Launching Digital Regulatory Reporting

Commenting on ISDA’s announcement that is has launched the full open-source version of the Digital Regulatory Reporting (DRR) model for all market participants, Leo Labeis, CEO at REGnosys, said:

“ISDA's first production release of DRR is a landmark moment in regulatory reporting and the result of extensive cross-industry collaboration. Where previous collaborative ventures have run against the lack of effective tools, DRR equips the sector with the means to work together in open source. Firms can now invest in this new approach to create a strong foundation for not only the amended CFTC rules, but also all the upcoming G20 trade reporting rule rewrites. Having played a central role in enabling DRR to reach this landmark moment, we look forward to the next stage of its journey.”