Repositories call on Esma to help fix Emir reporting problems
Repositories face a "major challenge" to reconcile trades, ACT conference hears; executives call on Esma for guidance
The European Securities and Markets Authority (Esma) needs to help fix the region's still-new derivatives reporting regime, according to two of Europe's six authorised trade repositories (TRs).
Speaking at the annual conference of the Association of Corporate Treasurers in Glasgow today, repository executives said the number of trades that could be matched was still "very, very low" where counterparties have chosen to send their side of the transaction report to different venues – the result of
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