Bloomberg has acquired RegTek.Solutions in order to deliver a fully-integrated service that supports compliance with regulatory reporting requirements across multiple jurisdictions.

RegTek.Solutions’s products will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as its enterprise data management and trading systems.

Clients will have access to a reporting workflow, including transaction reporting eligibility, data validation, enrichment and reconciliation, to help maximize accuracy and completeness in their reporting obligations.

“The combination of RegTek.Solutions with Bloomberg RHUB allows us to substantially expand our regulatory reporting coverage, and offer quality and control tools to help our clients effectively meet the wide range of global reporting requirements,” said Alejandro Perez, global head of post-trade solutions at Bloomberg.

“As regulations become more complex, buy and sell-side firms are looking for providers who can help them address requirements across various jurisdictions, with the necessary workflows and data structure that allows firms to maximize overall accuracy and completeness in their regulatory processes.”

Brian Lynch, co-founder and chief executive at RegTek.Solutions said: “Combining our solutions with the strength and scale of Bloomberg’s RHUB services, as well as access to their market data, enterprise data management, analytics and enrichment capabilities will allow us to offer the cross jurisdictional, cross asset solutions that our clients demand.”

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