OTC Reporting Rules Commence in Europe

European Union flags
The EU's new requirements are a component part of wider OTC derivatives trading reform.

Market participants will now be obligated to report a higher degree of data to trade repositories than ever before, including valuations and collateral agreements. Central clearing counterparties (CCPs) will be required to report cleared contracts, as well as assume the identification of a counterparty in trades where either side do not know who they are transacting with.

Reporting has taken center stage in derivatives reform, as regulators are demanding a clearer picture of the approximately $639 trillion market. A large part of the financial crisis was due to the failure of institutions involved in OTC derivatives trades, and various global mandates are pushing reform such as reporting, central clearing and executing on electronic platforms rather than bilateral, invisible processes.

The EU regulation can be found here.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here