Small corporates not reporting derivatives trades: Bafin
A clearing specialist at the German regulator says many smaller corporates are still not set up for reporting, but enforcement of the rules will be eased in gradually
Many non-financial corporates in Europe are still not ready to report their derivatives trades, according to a clearing specialist at Germany's prudential regulator. The regime took effect two months ago, but Stefan Pankoke, deputy director of over-the-counter derivatives markets at the Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) said enforcement would only be introduced "gradually," in part because the laggards are smaller companies.
"We see that smaller market participants
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