Clearing Trade Reporting Hurdles


Over the past five months, financial firms have been getting their first taste of the trade reporting regime that the Group of 20 finance ministers and central bank governors decided to establish as a means of bringing greater clarity to the derivatives market. Since October, a growing number of participants in the US market have been getting used to managing a series of new identifiers and data elements that they must use in reports on their over-the-counter derivatives trades and submit to new