The 2008 global financial crisis triggered a global movement to improve transparency and reduce counterparty risks in the OTC derivatives markets. Among the reform measures adopted internationally were a requirement for all OTC derivatives transactions be reported to trade repositories. While early adopters used largely manual processes to comply with their reporting obligations, the focus has shifted over time towards more scalable and robust approaches.
Regulation Asia’s Garima Chitkara sat down with Oliver Williams, Head of DTCC Data Repository (Singapore) Pte Ltd, to discuss how trade reporting has changed, how technology has helped firms to adapt, and what they should be doing to stay compliant. (see Part 2 here)