Modernize Regulatory Reporting: Get Ready for T+1 Settlement
Talkat Open Source in Finance Forum New York 2022 · on Thursday, 2022-12-08· at 14:35· HALL 2, New York, NY, USA·
summary
Regulators set T+1 for September 3, 2024 and DTCC estimates margin calls drop ~40%, so the panel shows a concrete pipeline: Morphir-generated Spark code compiles LCR business logic into jars, unit tests rules, and runs on Databricks; Legend logical-to-physical mappings expose JDBC-connected Databricks tables as consistent APIs; results persist into Delta tables with Delta Lake time travel and Delta Sharing to deliver versioned reports without copying data. The demo proves end-to-end interoperability, compiled artifacts, and auditable versions.
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chapters (11)
- 0:00Open source and T+1 settlement
- 1:01Shift from T+3 to T+1
- 2:49Legacy systems challenges
- 3:52Open source in T+1 automation
- 5:18Morpher for LCR calculation
- 9:34Legend data platform
- 14:11Delta Lake foundation
- 16:37Legend and Morpher integration
- 21:56Reproducibility in reporting
- 22:58Automation via standards
- 23:19Q&A
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