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FSB looks to gather global OTC trade repository data 

September 23, 2014
FTSE Global Markets

The Financial Stability Board (FSB) has called on industry bodies to develop guidance on the harmonisation of OTC derivatives data, as regulators look to get a global, aggregated view of information stored in trade repositories.

To date, a total of 25 trade repositories in 11 jurisdictions are either operational or have announced that they will be.  G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be reported to trade repositories, as part of their commitments to reform OTC derivatives markets in order to improve transparency, mitigate systemic risk and protect against market abuse.

Regulators view the aggregation of the data being reported across these repositories as a vital step towards obtaining a comprehensive global view of the OTC derivatives market and activity.

The FSB has published a study of the feasibility of various options for a mechanism to produce and share global aggregated data. 

Read more: FTSE Global Markets

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