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Fund managers could face regulatory sanctions over EMIR 

February 12, 2015

Hedgeweek

Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR…

The reporting of over-the-counter derivatives and exchange traded derivatives as mandated under EMIR has been in place for a year. While a number of managers have overcome some of the initial teething problems they had with reporting to trade repositories, challenges do remain. Errors and mistakes during the reporting process are still common. Regulators have indicated they intend to clamp down on firms submitting inaccurate data, but fund managers have onerous reporting obligations, which require processing significant quantities of data.

Read More: Hedgeweek 

 
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