Isda AGM: OTC trade reporting system in danger of fragmentation
The large number of trade repositories planned globally will reduce the quality of data, panellists warn
The emergence of 18 trade repositories around the globe – with the potential for more to be built – will hamper the efforts of regulators to gain a clear view of derivatives market activity, warned panellists at the International Swaps and Derivatives Association annual general meeting in Singapore this morning.
The proliferation of repositories means there will be a fragmentation of data – and regulators will have trouble spotting the potential build-up of systemic risk as a result, panellists
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