On 23 March 2018, the Financial Stability Board (FSB) launched a survey seeking responses from financial institutions and other reporting entities on issues they may face with legal barriers to the reporting of full transaction information about over-the-counter (OTC) derivatives. The deadline for responding to the survey is 25 April 2018.

FSB members have raised concerns that restrictions on reporting complete OTC derivatives transaction information to trade repositories can limit its usefulness to authorities in carrying out their regulatory mandates, including monitoring and analysing systemic risk and market activity.

The FSB will report to the G20 summit in November-December 2018 on implementation of the OTC derivatives reforms and in particular on the extent to which member jurisdictions have met their commitments to remove legal barriers for trade reporting.