FSB sets out proposals for governing ‘unique transaction identifier’
System should avoid “unnecessary complexity”, document argues
The Financial Stability Board (FSB) has set out its proposals for the governance of a global unique transaction identifier, or UTI, in a consultation document published on March 13.
The global UTI will be a “key harmonised identifier” making it easier to aggregate transaction reports from over-the-counter derivatives markets, the FSB says.
Reporting on OTC trades is “a key part of efforts to identify and address financial stability risks from these markets”. To effectively use the data from
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