The Asian Banker

Trade repositories key to understanding exposures
Michael Bodson, president and CEO of DTCC feels that as derivatives are a global business, the ability to provide regulators with immediate access to a global data set is crucial.

Apr 08, 2013 | Michael Bodson

Asia’s share of the $648 trillion over-the-counter (OTC) derivatives market, currently at around 8%, is expected to grow significantly in the coming years. The region’s ability to manage the attendant risks will play an important role in protecting Asian markets from repeating the mistakes of other financial centres. A key lesson from the 2008 crisis emerged well before the dust had settled—to effectively manage systemic risk, regulators need transparency in the market. Trade repositories, essentially giant databases that hold detailed trade information on derivatives transactions,…

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Categories: Markets & Exchanges, Regulation, Risk & Compliance, Risk and Regulation, Trading & Data
Keywords: DTCC, Michael Bodson, CDS, Lehman Brothers, Systemic Risk
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