Trade reporting pressure increases as CFTC deadlines loom
DTCC data repository has received provisional CFTC approval, just three weeks ahead of mandatory reporting for credit and rates, with forex reporting due to begin in January
With just three weeks to go until trades in credit and interest rate derivatives must be reported to a trade repository under the US Dodd-Frank Act – with foreign exchange derivatives to be reported three months later – pressure is intensifying on market participants to make sure they have all the correct processes in place to ensure effective and legal reporting of over-the-counter derivatives.
The Commodity Futures Trading Commission (CFTC) last week granted provisional approval to the
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