Canadian OTC derivatives repository unnecessary, say market participants
Critics argue a Canadian OTC derivatives repository would lead to fragmented and inconsistent data
The development of a Canadian repository for over-the-counter derivatives would result in a fragmentation of market data that could prove dangerous in a period of market stress, market participants argue.
The recently published comments come in response to a June 23 consultation paper by the Canadian Securities Administrators (CSA), which represents the country's provincial and territorial securities regulators. The paper makes a number of proposals on how trade repositories should be organised
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