New Regulations Will Drive Data Costs Higher, Panel Warns

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"We need more data─not only from a user perspective.... We have a huge obligation to mitigate and manage risk," said Fabienne Pirotte, a lawyer at Société Générale.

With regulators shifting over-the-counter swaps trading to centrally-cleared Swap Execution Facilities, the burden on central counterparty clearing providers (CCPs) to capture, manage and provide data to market participants is also increasing, while also placing CCPs in a pivotal─and potentially risky─role, panelists said.

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