The Financial Stability Board (FSB) has published a Consultation Paper on a feasibility study on approaches to aggregate over-the-counter (OTC) derivatives data as part of the G20 commitment that all OTC derivatives contracts should be reported to trade repositories (TRs).
In the Consultation Paper, the FSB:
- sets out and analyses the various options for aggregating OTC derivatives TR data;
- examines three broad types of model for an aggregation mechanism;
- outlines the key requirements and challenges, focusing on legal, data and technology considerations; and
- proposes criteria for assessing different aggregation models.
The FSB would like feedback on the considerations and criteria before it starts to assess the options. The deadline for comments on the Consultation Paper is 28 February 2014. Following the consultation, and further analysis by the FSB’s study group, a finalised version of the report (including two recommendations), will be submitted to the FSB in May 2014 for approval. Once approved, the finalised version of the report will be published.
View Consultation Paper: Feasibility study on approaches to aggregate OTC derivatives data, 4 February 2014