Regulatory Reporting

Bloomberg Regulatory Reporting Hub (RHUB) is an end-to-end trade and transaction reporting solution embedded within the Bloomberg Terminal ecosystem. Launched in 1981, the Terminal predates widespread personal computing and the internet, and RHUB leverages that legacy by tapping into Bloomberg’s vast repository of financial data, live news, and over 1,500 research providers including Wall Street Insights®. The platform is designed for large multinational financial institutions that must comply with multiple global regimes simultaneously, covering MiFID II, SFTR, EMIR, ASIC, MAS, CFTC, and HKMA reporting requirements. It also provides access to an expert call transcript library with over 240,000 vetted interviews, company documents such as earnings transcripts, SEC filings, ESG reports, and press releases, as well as industry reports and trade journals. RHUB is best suited for firms that already use Bloomberg’s order management, electronic execution, and trade capture applications, as it integrates seamlessly with these tools to create a unified workflow from trade execution to regulatory submission.

RHUB’s core capabilities center on data enrichment, quality controls, and reconciliation. Clients can send complete or partial files, and RHUB enriches them with Bloomberg’s industry-leading security master data. The advanced rules engine assesses eligibility and quality of all transactions via regulatory rules plus custom client rules, flagging reports that are ineligible, invalid, or incomplete. Exception management tools provide suggested solutions or allow users to create bespoke fixes, with an enhanced audit trail that tracks the full logic decision tree. Users can manually edit selected data fields directly from the interface, stay ahead of key events through the Alerts feature, and analyse trends via template or custom reports. RHUB supports two-way and three-way reconciliation with maintained integrations to leading reporting venues, and offers a fully synced beta environment for testing existing and new workflows before going live.

In the regulatory reporting market, RHUB competes directly with OSTTRA, Euroclear, yPilot, Cappitech, Derivitec, SIX Group, and DTCC. While these competitors often focus on specific regions or asset classes, RHUB differentiates itself by offering a single platform that covers all major trade and transaction reporting regimes across the EU, UK, US, and APAC. Bloomberg’s pricing has recently shifted: the company introduced a new flat fee and price range for higher reporting thresholds, reflecting cost pressures in the regulatory reporting industry. This makes RHUB more expensive than some alternatives, particularly for firms with lower reporting volumes. However, for large multinationals that already pay for Bloomberg Terminal access, the incremental cost of RHUB may be justified by the elimination of multiple vendor contracts and the efficiency gains from using Bloomberg’s global reference data pools.

The honest trade-offs are clear. RHUB’s graphic possibilities are limited compared to some competitors, and the opening pages are not very intuitive, with no real 'back' button. The platform is more aimed at large multinationals rather than smaller shops, meaning mid-sized firms may find the cost and complexity prohibitive. Additionally, Bloomberg’s recent price increase for higher reporting thresholds could push some clients to reconsider their options. On the positive side, RHUB provides substantial efficiency gains by tapping into Bloomberg’s global reference data pools, and it can be tailored to each firm’s global regulatory needs. The platform generates reports for a specific regime and determines eligibility to the applicable jurisdiction(s) for timely submission, creating seamless submission to, and feedback from, leading regulated reporting venues and national competent authorities.

Bloomberg introduced a new flat fee and price range for higher reporting thresholds, reflecting cost pressures in the regulatory reporting industry. Exact figures are not publicly disclosed, but the price increase is confirmed by industry sources.