Reconciliation + regulation = complication
Incoming rules on portfolio reconciliation could encourage many derivatives users to outsource the process. But it’s not a simple short cut, warn Mike Pierides and Alistair Charleton of Pillsbury Winthrop Shaw Pittman
Comparing the key terms of over-the-counter derivatives trades against the data held by a counterparty is standard practice for many over-the-counter derivatives participants, but incoming regulation on both sides of the Atlantic will change some of the requirements, make it a compliance issue for the first time and – crucially – will force many smaller players to put completely new processes in
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