Risk Johannesburg: OTC data fragmentation prompts concern

South Africa's financial stability head warns it will be difficult to make use of data spread across multiple repositories – but South Africa may still set up its own database for rand-denominated trades

Regulators will struggle to make sense of derivatives market data if it ends up being reported to a host of different trade repositories in a variety of locations, according to Roy Havemann, chief director of financial stability and banking at South Africa's National Treasury, who was speaking on a panel at the Risk Johannesburg conference today.

Alongside the central clearing of over-the-counter derivatives, new rules also require that counterparties report these deals to repositories, which