Swaps counterparties spooked by Emir position pairing
Stumble on voluntary position reporting could undermine push to reform ETD regime
Swaps counterparties are struggling to pair their positions under European regulatory reporting rules, and the industry now fears the problems could undermine future lobbying efforts for reform of the current regime.
“Firms are really concerned that there is going to be inconsistency; it could lead us [into] similar problems that we currently battle with [on] transaction reporting,” says an industry source.
Since 2014, European Union firms have had to report their swaps transactions to trade
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