FSB finds fault with derivatives trade reporting
Despite widespread implementation, issues of data quality are appearing
The value of derivatives trade reporting is being undermined by problems of access, incompleteness and data quality, the Financial Stability Board (FSB) warned today (November 4).
Although almost all jurisdictions have over-the-counter derivatives trade-reporting requirements in place, "further work needs to be undertaken" to tackle these issues, the FSB said in its thematic review.
Trade reporting is the furthest advanced of the FSB's reforms to OTC derivatives markets. The latest progress
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