Doubts plague Emir reporting clean-up

Industry still advocates single-sided reporting as a way to improve EU swaps data quality

The European Market Infrastructure Regulation (Emir) is not the kind of issue to put protesters on the streets, but one aspect has provoked a particularly sustained campaign of complaints and lobbying from the financial sector. This is the requirement, unique among major financial jurisdictions, for both counterparties to a trade to provide regulatory reporting.

European policymakers contend that dual-sided reporting provides an extra opportunity to cross-check the derivatives data submitted to