Reporting overhaul: the EU’s near-impossible balancing act
Regulators must weigh their desire to streamline derivatives reporting against the need to gather crucial trade data.
Inconsistent. Duplicative. Inefficient. Three words to describe the tangle of trade reporting rules that financial firms in Europe are subject to.
These words weren’t from a frustrated derivatives dealer or portfolio manager, though. They were used by the very regulator that helped craft the rules and is now seeking to overhaul them.
The European Securities and Markets Authority laid out plans in June for revising the reporting obligations contained in various regulations. In its accompanying
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