Wednesday April 25 2018
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: US
Link: http://www.dtcc.com/news/2018/april/24/challenges-around-derivatives-data-consistency
On 25th April 2018, the Depository Trust & Clearing Corporation (DTCC) called for improvements to be made to the reporting of OTC Derivative Transactions. In its White Paper titled ‘A Progress Report on OTC Derivatives Trade Repositories: Many Miles Travelled, More Yet to Go’, DTCC calls for continued focus on the definition and adoption of data standards and the exploration of opportunities to leverage new and emerging technologies.
The white paper also assesses the potential for new technologies, such as distributed ledger technology (DLT), to advance reporting practices and proposes how the industry can continue to move toward an integrated reporting framework for the global OTC derivatives market.
Further, the white paper states that, while the industry is assessing whether DLT may enable a shift to searchable databases and full regulatory access, in order to harness DLT and other technologies to advance derivatives operations and reporting, standards must be in place to enable consistent data capture, processing and reporting.
For additional information please click the link above.