Weekly Roundup | Post-Trade Processing | 17 February 2014
Reporting Start Date + 1 | What's The Status of Trade Reporting?
Looking back at the last couple of days and my conversations with market participants formed a picture in my mind of the current state of trade reporting to trade repositories (TRs) under EMIR. The OTC Space: Reporting Start Date + 1 | What's The Status of Trade Reporting?
DTCC Users Unable to Access Data After Repository is Overwhelmed
Emails to customers cite backlogs in rates and exchange-traded derivatives – users say repository has been "victim of its own success". Risk: DTCC Users Unable to Access Data After Repository is Overwhelmed.
ESMA Provides Further Details on Trade Reporting in Updated EMIR Q&A
The European Securities and Markets Authority (ESMA) has issued today updated Question & Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR).
- ESMA Press Release: ESMA Provides Further Details on Trade Reporting in Updated EMIR Q&A
- Regulatory Reform: ESMA Publishes Updated EMIR Q&A
- The OTC Space: One Day Before Reporting ESMA Decides to Publish Updated Q&As.
Too Little Too Late
Last night the European Securities and Markets Authority (ESMA) published its latest set of European Market Infrastructure Regulation (EMIR) Questions and Answers. Finextra: Too Little Too Late.
EMIR Trade Reporting | In Case of Emergency Break Glass
If you are a firm who is not yet prepared for reporting all derivatives (that means ISDA OTC and Exchange Traded) to a Trade Repository, here's some emergency steps you can take. The OTC Space: EMIR Trade Reporting | In Case of Emergency Break Glass.
Reporting Deadline Too Tight for Buy-Side
The short timeframe for reporting compliance will leave many caught short, writes Dan Barnes. Futures and Options World: Reporting Deadline Too Tight for Buy-Side.
ESMA and Regulators Promise Not to Fine EMIR Violators
Few treasurers will be ready to report their derivatives to trade repositories from Wednesday. But they need not be concerned. Watchdog ESMA and national regulators have both signalled leniency. EuroTreasurer: ESMA and Regulators Promise Not to Fine EMIR Violators.
The Road to Reporting Consistency
Europe is about to take another big step on the road to over-the-counter (OTC) derivatives reform with the start of mandatory reporting on February 12.
- ISDA derivatiViews: The Road to Reporting Consistency
- CTRM Center: ISDA Viewpoint on EMIR Data.
LCH.Clearnet and UnaVista Announce Readiness for EMIR Trade Reporting
On the LSEG website is an announcement that UnaVista and LCH are ready for the start of EMIR Trade Reporting, having back-loaded many millions of trades. Does anyone know the status of other CCPs and major infrastructure firms? The OTC Space: LCH.Clearnet and UnaVista Announce Readiness for EMIR Trade Reporting.
Derivatives Trade Reporting in Europe Starts Today
Reporting obligations under the European Markets Infrastructure Regulation (EMIR) started today. Tradeweb: Derivatives Trade Reporting in Europe Starts Today.
Knee Deep in GLERT – Reports from the Trenches
Halfway through the Go Live of EMIR Reporting of Trades day, and several reports are coming in. The sky has not fallen in yet. CTRM Center: Knee Deep in GLERT – Reports from the Trenches.
ICE Trade Vault Europe Provides Update on First Day of Trade Reporting
IntercontinentalExchange Group has provided an update on the first day of European trade reporting for Exchange Traded Derivatives (ETD) and over-the-counter derivatives (OTC) transactions. ISS-MAG: ICE Trade Vault Europe Provides Update on First Day of Trade Reporting.
Emir-Reportingstart: Chaos Bleibt Aus
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- DerTreasurer: Emir-Reportingstart: Chaos Bleibt Aus
- EuroTreasurer: EMIR Start Avoids Predicted IT Chaos.
More Ideas on OTC Trade Repositories from the Financial Stability Board
The trade repository conversation continues to gather steam, this time with a draft proposal from the Financial Stability Board on OTC trade repositories (TR). The FSB doc contains more specifics on how these TRs could be organized and actually work in practice. It’s no small task. Securities Finance Monitor: More Ideas on OTC Trade Repositories from the Financial Stability Board.
BNY Mellon Launches New Payments Infrastructure
The Bank of New York Mellon has unveiled its new global payments infrastructure. Already in operation at its Frankfurt hub, the infrastructure is now being rolled out across Europe and later around the globe. EuroTreasurer: BNY Mellon Launches New Payments Infrastructure.