Overlapping repositories for OTC derivatives raise concerns

12/20/2011 | Trade News (U.K.), The

As clearing requirements loom for swaps, competition among trade repositories for over-the-counter derivatives is intensifying and raising concerns. "A proliferation of local repositories would inevitably lead to data fragmentation, which would make it extremely difficult for regulators to quickly obtain a full picture of any particular asset class to evaluate risk concentrations," said Larry Thompson, general counsel at Depository Trust & Clearing Corp.

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Trade News (U.K.), The

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