US lags EU, UK, Japan in adopting derivatives trading-repository standards

25 July 2018 7:34am
The US and six other countries haven’t yet carried out global trading-repository principles aimed at promoting financial stability, putting these nations behind more than 20 other derivatives-trading jurisdictions surveyed, international authorities said.

A total of 21 jurisdictions — including the EU, UK and Japan — have incorporated into their rules and implemented global standards for centralized electronic databases of derivative transactions, according to a report released this week.

These 2012 principles seek to enhance repositories’ data transparency so that regulators and firms can assess potential risks to the broader financial system.