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Beware the Ides of March - A Drama of FX Swaps Reporting

[fa icon="calendar'] 14-Mar-2019 17:24:52 / by David Woolcock posted in Banking, FX, group

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This week I have been dusting off the Q&A release from ESMA in September 2018 regarding the reporting of FX Swaps to ensure we have successfully planned for the impending changes. The aforementioned Q&A included reference data and transaction reporting scenarios where an FX Swap is reported as a single stand-alone financial instrument. This Q&A implementation period was six months and to ensure a consistent approach across reporting requirements, ESMA also published a Q&A on FX Swaps reporting under EMIR, which should be implemented 12 months after its publication, as it is more difficult to implement, but the two are harmonised to ensure consistency.

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Deal and Cover - No Cover up When It Comes to Disclosures

[fa icon="calendar'] 07-Mar-2019 12:35:06 / by David Woolcock posted in Banking, FX, group

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Last week we looked at the recent GFXC note on Disclosures and today we take a deep dive into the accompanying report. As will be seen, it continues the theme of the importance of disclosures. 

 

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