Liability concerns put buysiders off delegated trade reporting

Europe
By Hazel Sheffield
27 Aug 2014

Buyside firms are taking responsibility for reporting of collateral and valuations in-house, voicing fears that delegating reporting of such data creates liability concerns.

While the buyside can delegate valuation reporting to a bank --as many banks have built the necessary infrastructure-- banks are unwilling to share proprietary models of how valuation is calculated, meaning the buysider must enter into that relationship in blind faith, according to Paul Tivnann, global head of fx ...

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