Risk USA: Multiple trade repositories will hamper ability to spot systemic risk build-up

Setting up multiple trade repositories in individual jurisdictions will hamper the ability of regulators to monitor trade information and identify a build-up of systemic risk, according to speakers at the Risk USA conference in New York.

Speaking on Tuesday, Patrick Pearson, head of the financial markets infrastructure unit at the European Commission, stressed there was a need for greater transparency in the derivatives market, but warned against the establishment of multiple trade repositories