Securities Financing Transactions Regulation (SFTR), HSBC

SFTR is an EU regulation, The

European Union (EU) Securities Financing Transaction Regulation (SFTR) is

intended to enhance the transparency of the securities financing markets by

requiring those who enter into securities financing transactions (SFTs) to report the

SFT to a trade repository.

The SFTR is the product of work carried out by the Financial Stability Board (FSB)

and the European Systemic Risk Board (ESRB) to curb shadow banking. They

identified SFTs as the creators of bank-like risks during and after the financial crisis

period, which without transparency, prevented regulators and supervisors

assessing such risks.

06/2019 – 04/2021

Trades are being provided by different source systems. They provide raw XML which

is being converted into slandered xml. With different criteria/rules some attribute

needs to be set in object (map) which is common for all other application in layers.

These filtrations are being done by Drools layer. After all the checks and calculations

final reporting objects are identified and are being marked as eligible for reporting.

Activities Managed:

• Involved in requirements gathering, analysis and provided technical solutions to

the requirements.• Developed new features and modules in an Agile driven development

environment.

• Involved in bug fixing for the issues found during testing and involved in

verification and validation of the issues.

• Participated in troubleshooting the production issues and coordinated with the

team members for the defect resolution under the tight time lines.

• Involved in end to end implementation in the production environment.

• Regularly participated in the code reviews with the team members to improvise

on the quality of the product deliverables.

Pacemaker Monitoring Application | Boston S