Malaysian banks face challenges in meeting OTC trade reporting rules

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The inability of Malaysian regional banks operating across several jurisdictions to reconcile cross-border counterparty trade information and the shift from a current month-end reporting cycle for over-the-counter derivatives transactions to a daily reporting framework are key challenges that banks face in order to comply with the proposed trade reporting requirements set out by Malaysian regulators, say market participants. On November 20, 2013, the central bank, Bank Negara Malaysia, joined

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