Esma plan ‘won’t help’ fix Mifid swaps data problem

Dealers say proposal to force disclosure of all big-bank OTC derivatives trades won’t improve data

European transparency rules for over-the-counter derivatives have given regulators a Gordian knot of a problem: how to make sure firms understand when their off-venue trades must be publicly disclosed?

And just as, according to legend, Alexander the Great simply cut through the intricate knot, rather than try to untie it, the European Securities and Markets Authority has come up with a bold solution. Rather than try to clarify a fuzzy concept that currently governs reporting obligations, it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here