August 2010

Response to CESR's Consultation on Transaction Reporting of OTC Derivatives and Extension of the Scope of Transaction Reporting Obligations

The London Stock Exchange Group has provided a response to CESR's Consultation on Transaction Reporting of OTC Derivatives and Extension of the Scope of Transaction Reporting Obligations. We support the objective of enhancing the transparency of OTC derivative markets and believe that transaction reporting and the use of Trade Repositories can play an important role in this by enabling regulators to have a clear understanding of the size of the market, the number of transactions, the size and risk profile of outstanding positions and their potential impact in the event of a default or systemic failure. We suggest however that care should be taken to ensure that there is no duplication with existing, or planned, transaction reporting obligations.

Downloads
LSEG Response to CESR's Consultation on Transaction Reporting of OTC Derivatives  (file pdf - 40 KB)