Roughly two years after the first batch of six European firms were granted approval to act as derivatives data warehouses, a seventh is planning to enter the fray, with a slightly unusual approach.
Abide Financial currently sends its clients' data to existing trade repository, Regis-TR, but now hopes to cut off that flow by becoming a repository in its own right. Clients will be given the choice of continuing to send data to Regis-TR or leaving it with Abide.
Banks are not convinced the new vent
The week on Risk.net, September 8-14, 2018Receive this by email