Year-end ‘congestion’ looms for European trade reporting

Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn

Cars stuck in congested traffic

A likely deadline of January 1, 2014 for the start of mandatory trade reporting for equities, commodities and foreign exchange in Europe could result in year-end ‘congestion' as market participants struggle to meet their obligations under the European Market Infrastructure Regulation (Emir), market participants have warned.

Speaking during a live webinar hosted by FX Week last week, industry participants pointed out that banks are required to meet a number of different obligations at the end of

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