The President of the Federal Reserve Bank of New York made a speech on how
over-the-counter derivatives reform fits into the broader financial reform
agenda. He expressed concern that regulators were not going to achieve
the full benefits from trade repositories (TRs). He urged regulators, market participants and TRs to continue to work together to ensure that comprehensive and meaningful data is being reported and that authorities have the ability to access and analyse the
data. He also advocated using the TR data to increase transparency in the marketplace.
Related Link:
http://www.newyorkfed.org/newsevents/speeches/2013/dud130912.html