Ten industry organizations, including the Managed Futures Association and the Futures Industry Association, endorsed principles for data reporting in connection with over-the-counter derivatives proposed by the International Swaps and Derivatives Association. Among other things, these principles call for the harmonization of reporting requirements across borders; the adoption and use of open standards (e.g., legal entity identifiers, unique trade identifiers, unique product identifiers); the adoption of global standards; the amendment of laws or regulations to permit policy makers to access and share data across borders, as necessary; and the tracking and measuring of reporting followed by the sharing of results with market participants and regulators.