Bill Hodgson has written an interesting article on the issues around aggregating the data submitted under Dodd Frank so that the regulator can have a consolidated view of the market. Recall that this was the original objective of rule sets such as Dodd Frank and EMIR – i.e. Market Transparency. It would appear that the current approach does not lend itself well to doing this as the CFTC is discovering.

Interestingly the data colleciton approach under REMIT may well avodi thsi problem, since a central database has been part of the design from the outset.

The article is here.