Losing the match: EU repo rules spark reporting fears
Repositories battling to improve matching rates for Emir trade reporting as SFTR looms
The European Market Infrastructure Regulation (Emir) has not provided the smoothest ride for regulatory reporting. The first week was chaotic, and it has continued to be difficult for trade repositories to match one half of a reported derivatives trade with the other. Behind the scenes, the six registered trade repositories in the European Union have been slowly standardising their practices to improve matching rates, but no end is yet in sight.
This is alarming, because trade repositories will
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