,” DTCC outlines its recommendations for a path forward in reaching global data harmonization in the over-the-counter (OTC) derivatives market.
“OTC derivatives trade reporting standardization would enable regulators to reach the level of transparency and global risk monitoring identified as critical by the G20 summit, but has been a challenge to achieve for individual jurisdictions,” said Chris Childs, DTCC Managing Director and Head of Repository and Derivatives Services. “With several trade reporting rule sets currently under regulatory review, now is the time to work together and continue to progress against these objectives, and more specifically, to align individual jurisdiction trade reporting rules to facilitate global market transparency.”