Ulf Klebeck, general counsel at Woodman Asset Management, who moderated a panel reviewing the current European regulatory landscape, questioned what European regulators are actually doing with all the trade-related data deemed necessary for firms to capture and store.
Konstantinos Botopoulos, member of management board at ESMA, cited four key reasons why firms are required to hand over so much information. "First of all, [because] ... we believe that more reporting will lead to more transparency
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails