Community
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
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