The subject of a European-based trade repository for the credit default swap market has long been a bone of contention between regulators and industry participants in the derivatives market (see, for example, discussions between European Commissioner Barnier and the US Treasury’s Geithner 
In line with the current trend towards investment in real-time risk technology, 90% of the respondents to Swift’s recent survey on liquidity risk management are keen to receive more intraday liquidity reports. The survey, which is a follow up to a white paper on the subject of liquidity risk published earlier this year (see our coverage 
Back and middle office functions such as evaluated pricing for illiquid instruments, data management, corporate actions processing and risk management are all on the radar for potential outsourcing by asset managers over the next three years, according to a recent survey by Citi. The survey, which involved 237 asset managers from 29 countries, indicates that 28% of respondents have already outsourced the valuation of illiquid investments and 22% are planning to do so in the next three years.
Following intensive discussions last week by the conference committee designated with the job of hammering out compromises on the US financial reform bill (see coverage of some of the discussions 
This month’s regulatory debate on the subject of the Office of Financial Research proposals, which are contained in Title I of the current US financial reform bill, included discussion of the potential threat to privacy that the data centre poses to the US market overall. Democrat senator Susan Garrett called the Office of Financial Research “Big Brother on steroids” and Republican senator Jeb Hensarling made a motion to strike the proposals from the reform bill. However, Democrat senators Barney Frank and Carolyn Maloney both supported the establishment of the utility and the amendment to strike the proposals failed.
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Rather than the idea of a ‘dummy’ legal entity identifier, as seems to be popular within the practitioner community (see commentary here) Andrew Liegel, deputy vice president of regulatory and risk solution vendor FRSGlobal’s US operations, reckons the Office of Financial Research (OFR) will need to craft an identifier that contains a suitable coding sequence in order to be able to relate the entity to other related entities and instruments. The remit of the new agency is, after all, to better track systemic risk, he explains to A-Team Insight.
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