Simon Puleston-Jones: Calling time on futures reporting
The chief executive of FIA Europe, Simon Puleston-Jones, calls for an end to exchange-traded derivatives reporting, and for regulators to create incentives for banks to stay in the clearing business
Well over 16 billion individual reports have been generated since Europe's derivatives trade reporting mandate came into force 16 months ago. But the vast majority of these reports cannot be reconciled – leaving regulators adrift in a sea of useless data, according to the regime's critics.
With more than half the reports stemming from exchange-traded derivatives - for which data is already captured at exchanges and clearing houses - Simon Puleston-Jones, chief executive officer of the Futures
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