The Financial Stability Board (FSB) has published a new feasibility study on the aggregation of OTC derivatives trade repository data, which reiterates previously agreed upon commitments from G20 leaders.
Back in 2009, G20 leaders collectively agreed that over-the-counter (OTC) derivatives contracts should be reported to trade repositories in a bid to foster greater transparency measures and help reduce risks. Following earlier initiatives to implement these changes, to date a total of 25 trade repositories in 11 different regulatory jurisdictions are operational or shortly will be.
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OTC trade reporting is an essential buffer against potential market abuse – the aggregation of trade data to appropriate trade repositories helps bring to light a more comprehensive snapshot of the global OTC market. The report itself, which was originally released back on February 4, 2014, can be read in detail by accessing the following link.