EU watchdog fines DTCC for derivatives repository failings

March 31, 2016 8:38 AM

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LONDON, March 31 The European Union's markets watchdog has fined the U.S. DTCC Derivatives Repository Ltd 64,000 euros ($72,620) for failing to give regulators speedy access to its data on trades as required under the bloc's laws.

During the 2007-09 financial crisis regulators were unable to see who was on both sides of a derivatives trades in order to assess risks of defaults. New laws require all trades to be reported to a repository that gives regulators access to the data.

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