EU Mifid swaps reporting is changing. UK aims to go one better

UK follows up proposed EU solution to confusion over post-trade transparency with its own fix

Bitter divorcees tend to dislike being outdone by their exes. So, when the European Union came up with a proposal to solve one of the knottiest problems in derivatives regulation, it didn’t take long for the UK to publish its own, starkly different version.

The problem is a lack of clarity among financial firms over which over-the-counter derivatives trades must be publicly reported after execution. The UK Treasury has proposed that only swaps that are cleared should be disclosed. Whether or