FSB finds fault with derivatives trade reporting
Issues of data quality, despite wide implementation
The value of derivatives trade reporting is being undermined by problems of access, incompleteness and data quality, the Financial Stability Board (FSB) warned on November 4.
Although almost all jurisdictions have over-the-counter derivatives trade-reporting requirements in place, "further work needs to be undertaken" to tackle these issues, the FSB said in its thematic review.
Trade reporting is the furthest advanced of the FSB's reforms to OTC derivatives markets. The latest progress report
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