IHS Markit has launched a platform to helps firms meet MiFID II regulatory outreach and repapering requirements.
Outreach 360 streamlines communications, manages counterparty outreach campaigns and allows users to track the progress of those campaigns in real-time through a dashboard.
It also provides a full audit history on exchanged information, including legal contracts, terms of business repapering and due diligence questionnaires.
The platform is available through IHS Markit’s counterparty manager which is currently used by more than 9,000 corporates and buy-side firms and over 100 banks.
Darren Thomas, managing director and head of counterparty manager at IHS Markit, explained by collaborating with both the buy- and sell-side, it was clear MiFID II implementation relies on the effective exchange of data.
“Up until now, there were no solutions like Outreach360 in the market to support end-to-end outreach that can be fully customisable for each financial counterparty,” he said.