With UnaVista closing its SFTR trade repository service in Europe, the transition stress is natural, especially with the closure date on January 31.
Firms falling under the requirements of both SFTR and EMIR are now puzzled as to whether to fragment their reporting to different TRs or to make one principal move. Although partial transition looks appealing at first, one should consider the inevitable stack of duties, such as finding a new partner, arranging the contract, aligning data formats, maintaining data integrity.