Hodor Posted October 4, 2016 Share Posted October 4, 2016 https://www.finextra.com/blogposting/13102/blockchain-financial-regulatory-reporting-and-challenges Quote Distributed ledgers and regulatory reporting: the benefits Distributed ledger technology has the ability to take away a number of pain points for both financial institutions and regulators. This technology offers various new opportunities when it comes to trade, post trade and related regulatory reporting. The distributed ledger would represent a golden source or “single source of truth” on all financial institutions’ reporting. With a distributed ledger, the transaction data will be readily available to the trade repositories and regulators in a unified form and there will no longer be any need for time-consuming reconciliation. And thanks to smart contracts the quality and transparency of reported transaction data may further increase and the reporting costs substantially reduced. Link to comment Share on other sites More sharing options...
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