GLERT-5 – The FSB is not impressed

With 5 days to go until the Go Live for EMIR Retorting of Trades, today the RegTechFS blog publishes another post on the confusion and issues around implementation.

There is also a reference to the recent paper by the Financial Stability Board, which highlights its concerns around the current approach, and points out that the original objective of transparency is far away. This may in fact lead to a change on the TR infrastructure before long. So the work is far from over…

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