After months of intense preparatory work, derivatives reporting will soon become a reality in Europe, says Sandy Broderick, CEO of DTCC Deriv/SERV.
Buy- and sell-side firms are busy developing processes and
testing their systems and procedures to ensure they are
compliant by the February 12, 2014 deadline.
However, even with the progress made to
date, the industry is likely to undergo a period of trial and
adjustment until the trade reporting function can meet the
requirements of the new regulatory framework fully.
So let’s examine a number
of components pending implementation and resolution.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |