Lack of clarity over buy-side derivatives reporting responsibilities

Some uncertainty exists over the reporting obligations for buy-side firms that transact derivatives – with some market participants arguing that end-users that rely entirely on their counterparties to report on their behalf could end up in hot water.

Under an agreement reached by the Group of 20 (G-20) nations in September 2009, all standardised over-the-counter derivatives must be cleared through a central counterparty (CCP) and, where appropriate, traded on an exchange or electronic trading