Phil Lynch, President and CEO at Asset Control looks at what the changing regulatory environment means for data.
The past 12 months have seen a slew of regulatory measures,
designed to mitigate the
complexity and lack of visibility that were major contributors
to the financial crisis. A key area of focus is Europe, where
the European Market Infrastructure Regulation (EMIR)is
enforcing the use of Central Counterparty Clearing Houses
(CCPs) for processing derivatives post trade.
At the same time, the Basel III Capital Requirements Directive
(CRD IV) substantially increases the capital and collateral
requirements for OTC derivatives in an attempt to shift trading
onto exchanges and CCPs, thereby reducing both the likelihood
and the impact of default for any trades that remain
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