EU and UK to rework flawed identifiers for swaps transparency
European Commission and FCA both plan to consult on Mifir replacement for unpopular Isins
Rulemakers in both the European Union and the UK say they will consult on revising the identifier codes used in swaps reporting rules to distinguish between different over-the-counter derivatives.
“We will shortly be consulting… on various options on how to have meaningful product identifiers for OTC derivatives which are subject to these transparency rules,” said Tilman Lueder, head of securities markets at the European Commission. “For those OTC derivatives in the interest [rate] and credit
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