Confusion Still Hinders European Derivatives Reporting Transparency
One year after the start of OTC derivatives trade reporting, there are still underlying issues dogging the project.
The first year for European Market Infrastructure Regulation (EMIR) was described as "a period full of challenges" with "a lot of work [being] done to streamline the functioning of the process" by ESMA chair Steven Maijoor in an annual report released to review the progress made at the one year milestone in February.
A passing reference to "long on-boarding queues" doesn't tell the whole story of clients that were left unable to register with repositories before deadline, while "data reported to
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