Data quality 'jeopardising' Asia OTC trade reporting
Firms in Australia and Singapore are now focusing on getting the right data
The smooth implementation of the third phase of Australian and Singaporean trade reporting means firms are now switching their attention to meeting data quality standards – with market participants saying that failure to do so could undermine the whole purpose of monitoring over-the-counter derivatives trading.
When Europe introduced trade reporting wholesale on February 12 last year it resulted in widespread chaos and massive backlogs. Asian regulators took a more nuanced approach and
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