mmsr

arcobaleno_4

MMSR reporting solution is the platform of Pegaso 2000 ready to manage the entire process of collecting, validating and forwarding the data expected to the EU Regulation N° 1333/2014.

THE IDEA

MMSR reporting solutions:
•Acquires data from market involved by the regulation
•Performs a consistency check on the value date under processing
•Runs through controls of congruence (‘data quality’) based on the specifications provided by the ECB
•Predisposes an xml flow aligned with the provisions of the regulator
•Automatically captures the responses of the Bank of Italy
•Stores the information processed.

REGULATIONS

The European Central Bank, in order to ascertain the capabilities and functioning of the money markets, has adopted the EU Regulation N° 1333/2014.
The objective is to collect harmonized, detailed and exhaustive statistical informationn of the money markets in the euro area.

TECHNOLOGY

Technology: Microsoft .NET Framework 4.5.x; Microsoft ASP.NET MVC 5
Application server: Microsoft Windows Server 2008; Microsoft.NET Framework 4.5.x
Web server: Microsoft IIS 7.0
Database: Microsoft SQL Server 2008 or higher
Client: only Browser Web (Internet Explorer 9 or higher)

TARGET

 •Achieve a better understanding and timely surveillance of the functioning of money markets in general and of banks’ funding in different segments in particular

•Provide better and timelier information on the monetary policy transmission mechanism as well as to provide improved information on market expectation on the future trajectory of policy rates

•Provide more information to market participants on the function of the money market in order to allow a more informed choice among alternative reference rates.

TIMES IMPLEMENTATION

Starting from April 2016, ECB will examine statistical data on transactions involving the following markets:
•Secured market
•Unsecured market
•Foreign Exchange Swap
•Euro Overnight Index Swap

First wave

Starting from July 2016, the transmission will involve the 53 largest euro area credit institutions, 6 of which are Italian.

Second wave

Starting from January 2017 the number of reporting institutions will be increased according to the following criteria:
•Significance of a particular market segment
•Relevance to financial stability
•Geographical representation