End-users and banks seek radical change to Emir reporting

Dual-sided reporting in Europe is not producing accurate data. Banks and corporates say a single-sided approach will help, while also relieving end-users of operational burdens and costs, but some regulators are not convinced

Dual-sided best? Opinion divided over better ways to report

Having spent up to six-figure sums to comply with Europe's derivatives-reporting regime, thousands of end-users may be told they do not need to report after all. They are taking it with a strangely solemn kind of delight; annoyed at the cost, but happy they may be able to pass on the entire obligation to their banks.

"Banks reporting on corporates' behalf is the way forward," says Max Verheijen, managing director of risk management at pensions adviser Cardano in Rotterdam. "Should we move to