New European Reporting Regs Overwhelm DTCC Data Repository
“The trades could be reported but the issue was with the generation of reports containing the data for you to confirm and reconcile—there were delays in that process,” says Olivier Bessi, a director at software vendor SunGard in London.
In an email sent on the morning of Feb. 13, DTCC informed clients of its European repository, the London-based DTCC Derivatives Repository Limited, that they would not be able to use some services—including online access to and downloading of data—“to alleviate
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