Vedder Thinking | Articles Sam Tyfield Addresses Current OTC Trade Repository Issues in RegTechFS Article
Sam Tyfield, a Partner in Vedder Price's London office and member of the firm's Investment Services and Finance & Transaction groups, recently co-authored an article for the online regulatory forum RegTechFS. In the article, "Europe Trade Reporting: Fines For All?" Mr. Tyfield discusses the current issues with the OTC trade repository (TR) systems, specifically the difficulties in matching or pairing reported trades, and their future financial impact. Institutions such as the European Securities and Markets Authority (ESMA) and the EU Commission are implementing various actions in order to address these issues, which Mr. Tyfield explains will ultimately result in significant fines and financial penalties.
Hosted by think tank JWG, RegTechFS is designed to promote global dialogue on how to deliver regulatory change. Its readership includes regulators and key individuals in technology and operations departments at top financial institutions.
To read the article in its entirety, please click here.