Dealers fear client data leaks via repositories and regulators

Names of derivatives counterparties and deal details could wind up in the public domain, unless regulators are bound by data controls, industry argues

Derivatives market participants are concerned a lack of standards regarding how supervisors hold and distribute dealers' client data means the information could leak out of the regulatory system and into the hands of politicians, sovereign wealth funds, government-owned financial institutions or even the general public.

Trade repositories – such as the Equity Derivatives Reporting Repository launched by the Depository Trust & Clearing Corporation (DTCC) in August 2010, and TriOptima's Global