Esma urged to flesh out trade reporting rules

European regulators need to provide more detail on how mandatory trade reporting will work in practice, as well as decide on which approach to take for reporting identifiers, say market participants.

The European Securities and Markets Authority (Esma) published a set of regulatory and implementing technical standards on trade repositories last September – part of a process to implement the European Market Infrastructure Regulation (Emir). The standards were endorsed by the European Commission