A solutions provider for over-the-counter (OTC) derivatives trading, TriOptima, is collaborating with post-trade infrastructure services and systems provider DTCC to facilitate new data links to repositories to help their mutual clients meet the Securities Financing Transactions Reconciliation (SFTR) deadlines hitting now in Europe. The E.U.’s SFTR rules are intended to mitigate systemic risk in the… Read More >>
ESMA Fines DTCC for Trade Repository Shortcomings
Post-trade infrastructure services provider DTCC has been fined nearly $73,000 by the European Securities and Markets Authority (ESMA) for alleged failures to properly offer “direct and immediate access to derivatives trading data” for nine months in 2014. The regulator’s fine of €64,000 (equivalent to 72,907.15 given a 1 EUR = 1.13917 USD rate) is the… Read More >>
Lack of Global Standards Impedes Trade Repositories: ESMA Report
The lack of global standards in the trade repository space (TR) could hinder the repository process, a finding of the European Securities and Markets Authority (ESMA) in its recently published 55-page 2016 annual report, which outlines its supervisory priorities for credit ratings agency (CRA) governance as well as the quality and data access for TRs…. Read More >>
ISDA Takes Aim at Derivatives Reporting Roadblocks
One of the key components of the 2010 Dodd-Frank law was an effort to increase the transparency of the notoriously opaque derivatives markets, which played a major role in the Great Recession. Five years down the line and regulators have made significant progress toward achieving that goal, according to industry group International Swaps and Derivatives… Read More >>
