An increasing focus on moving opaque OTC business into a more transparent approach has started to impact the commodities world. For example, in India, a long troubled market, the relatively new regulator SEBI has started addressing the complex historic situation there around physical markets.
This is especially true with the impending requirements of EMIR, regulatory reporting and the manifestations of Dodd-Frank, which are compelling companies to look at all their operational risk processes and systems. Derivatives reconciliations for both ETD and OTC are getting more focus from operations and
With regulatory bodies around the globe placing ever increasing emphasis on operational risk for derivatives (both ETD and OTC), it seems that many enterprises in this market place have still to get to the optimum position. Why is this? A recent conversation with a senior