Feasibility Study on Approaches to Aggregate OTC Derivatives Data
This paper responds to the request by the FSB for a feasibility study that sets out and analyses the various options for aggregating OTC derivatives trade repository (TR) data. The draft has been prepared by a study group set up by the FSB and composed of experts from member organisations of CPSS and IOSCO and other organisations with roles in macroprudential and microprudential surveillance and supervision. The paper discusses the key requirements and challenges involved in the aggregation of TR data, and proposes criteria for assessing different aggregation models. The paper examines three broad types of model for an aggregation mechanism: a physically centralised model; a logically centralised model; and the collection and aggregation by authorities themselves of raw data from TRs. Following this consultation, a final report will be provided to the FSB and published thereafter.
Responses should be sent by Friday 28 February 2014 to [email protected] with "AFSG comment" in the e-mail title. Responses will be published on the FSB's website unless respondents expressly request otherwise.