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.
US lags EU, UK, Japan in adopting derivatives trading-repository standards
25 July 2018 7:34am