Case Study:
EMIR REFIT
(Technology Delivery)​

First Derivative’s Delivery

Our Tier 1 Canadian Bank faces significant challenges in implementing the EMIR Refit due to regulatory deadlines, competing priorities, availability to SME knowledge to support regulatory change.

First Derivative provided a full scrum team of consultants, comprising of Product Owners, Scrum Masters, Business Analysts, Developers, Software Development Engineers and Testers.

The mandate of the team is Scoping, Business Analyst, Technical Delivery of all reportable EMIR Refit data elements into a proprietary XML format, which can then be consumed by the reporting engine to create ISO messages.

Client Solution Provided

1. Scoping
2. Business Requirements & Approvals
3. Product Backlog & Development
4. Automated Testing across all 203 elements
5. UAT and Prod Deployment Support
6. Post Product Warrant Support

Customer Outcomes:

• Fixed Price on Time Delivery: Our Managed Service Engagement Model removes execution risk for the client
• Mobility: Immediate ramp-up at the start of engagement with an experienced team of professionals
• Automated Test Framework: Created so that it could be extended end-to-end from Source Messages to ISO messages