Blockchain Architectures for Electronic Exchange Reporting Requirements: EMIR, Dodd Frank, MiFID I/II, MiFIR, REMIT, Reg NMS and T2S.
48 Pages Posted: 31 Aug 2016 Last revised: 7 Sep 2016
Date Written: August 31, 2016
Several international electronic financial exchanges have begun to announce they will explore the adoption of blockchain technology in their trade processing and reporting for execution and clearing. Therefore, in this work we will begin by providing a detailed discussion and overview of the new exchange regulations appearing in different jurisdictions around the world, including EMIR, Dodd Frank, MiFID I/II, MiFIR, REMIT, Reg NMS and T2S. We will discuss their key features, specifically in regard to transparency reporting and trade/transaction reporting requirements under these regulations. We then demonstrate how these reporting requirements can be addressed through development of a blockchain solution.
Keywords: Blockchain, Blockchain transaction reporting, Dodd-Frank, EMIR, Exchange Regulation, MiFID I, MiFID II and MiFIR, REMIT, Reg NMS, T2S and CSD, Trade reporting, Transparency
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