In an article published in the February 8 issue of Parliament magazine, Stewart Macbeth, DTCC managing director and general manager of the Trade Information Warehouse, provides an overview of the issues facing policymakers in Europe and the U.S. as they look to fast-track supervisory legislation on over-the-counter derivatives trading. The article is titled “On the inside track.”
“A central repository for cleared and non-cleared trades per asset class could ensure that regulators have common access to underlying position data quickly, and that the correct aggregation of data including netting is possible, and contagion impacts and exposure concentrations can be identified,” Macbeth writes. “The benefit of a central trade repository per asset class is gaining recognition.”
Parliament magazine, with an estimated readership of 12,000, is published twice monthly. The publication encourages debate and discussion on topical issues, with the goal of informing policymaking in the European Union. Its distribution includes members of the European Parliament, the EU Presidency, the European Commission, the European Court of Justice and the European Investment Bank.
Read the entire article at Parliament Magazine. @