US dealers stop trading to avoid breaching China privacy laws
Questions over the ability to report OTC derivatives transactions to trade repositories mean some US dealers have stopped trading with each other
The need to report over-the-counter derivatives transactions to US regulators while negotiating ambiguous local Chinese privacy laws has resulted in two US swap dealers ceasing trading of OTC derivative transactions with each other, according to the International Swaps and Derivatives Association.
Trade reporting for OTC derivatives trades, a Group of 20 (G-20) recommendation, involves the submission of OTC trade data to centralised electronic platforms, with the aim of increasing market
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