23 September 2017
Find out more

Regulators seek to plug derivatives data gaps

24 August 2011  |  6864 views  |  0 Globe

Global regulators have set out plans for reducing the "data gaps" in OTC derivatives trading that are hitting efforts to assess systemic risk in the market.

Following the collapse of Lehman Brothers, the G20 called on measures to strengthen rules on OTC derivative - increasing the use of clearing houses and trade repositories - to improve transparency.

In their latest report on the matter, the Committee on Payment and Settlement Systems (CPSS) and International Organization of Securities Commissions (IOSCO) outlines the OTC derivatives data that they say should be collected, stored and disseminated by trade repositories.

The report calls for data on netting arrangements between counterparties on bilateral swaps, market values of individual transactions and assets that are applied to portfolios.

It also calls for a system of standard legal entity identifiers (LEIs), calling it an "essential tool" for aggregation of such data. It says trade repositories should actively participate in the LEI's development and use the system once it becomes available.

You can read the full report - which is now open to public consultation - here:» Download the document now 840.2 kb (PDF File)

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift and DTCC score big data management mandates

Swift and DTCC score big data management mandates

12 July 2011  |  12983 views  |  0 comments
OTC derivatives market reform stalling - FSB

OTC derivatives market reform stalling - FSB

18 April 2011  |  11279 views  |  0 comments
CFTC to explore reference data repository for derivatives

CFTC to explore reference data repository for derivatives

14 April 2011  |  10070 views  |  0 comments
EC bids to tame 'wild west territory' of OTC derivatives and short selling

EC bids to tame 'wild west territory' of OTC derivatives and short selling

15 September 2010  |  8495 views  |  0 comments
Regulators fast-track global review of OTC derivatives clearing

Regulators fast-track global review of OTC derivatives clearing

02 February 2010  |  9126 views  |  0 comments
DTCC calls on lawmakers to mandate use of central trade reporting utility

DTCC calls on lawmakers to mandate use of central trade reporting utility

09 October 2009  |  6771 views  |  0 comments
CESR calls for EU-based derivatives information repository

CESR calls for EU-based derivatives information repository

27 February 2009  |  8187 views  |  0 comments
EC calls for Europe-wide company news repository

EC calls for Europe-wide company news repository

15 October 2007  |  4996 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13058 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9043 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8451 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8053 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7819 views comments | 31 tweets | 45 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job