CPSS-IOSCO Publish Report on OTC Derivatives Data Reporting
Date: 18 January 2012
Source: BIS
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs). The committees support the view that TRs, by collecting such data centrally, would provide authorities and the public with better and more timely information on OTC derivatives. This would make markets more transparent, help to prevent market abuse, and promote financial stability. The report incorporates public comments on a previous consultation. It also recommends the "expeditious development" of a standardised Legal Entity Identifier (LEI).