Russia limits swap reporting scope
Dealers have welcomed the Russian central bank's decision to narrow the type of parties required to report, which follows its exemption of foreign counterparties in June
Dealers have welcomed a postponement and rethink of Russian derivatives reporting requirements, saying it could make it simpler to apply close-out netting in the country. Uniquely, Russian authorities made compliance with the reporting rules a prerequisite for netting to be allowed.
The Central Bank of Russia released an ordinance on September 25 that delays mandatory reporting until April 2015, limiting its scope to Russian financial institutions, and only requiring trades that are covered by
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