WMBA: Resources needed to fix trade reporting failures

By Hazel Sheffield
30 Oct 2014

Trade reporting under the European Market Infrastructure Regulation is not working, according to the Wholesale Markets Brokers' Association, which represents a large proportion of interdealer brokers in the market.

“You’re never going to find the London whale through trade reporting at the moment,” David Clark, chairman of the WMBA, told GlobalCapital. “Trade reporting, which is arguably the most important way to address systemic issues, is not working.”

Clark called for European regulators to put more resources ...

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