On February 26, 2015, the International Swaps and Derivatives Association (ISDA) outlined measures to further improve regulatory transparency and trade reporting of derivative transactions. Among other measures, ISDA recommended that regulators worldwide implement consistent reporting requirements for common trade data and that unique global identifiers for legal entities, product types and trades be “expanded as necessary” and “adopted across reporting regimes.” ISDA also recommended that global regulators address laws and regulations that prevent the sharing of derivatives of trade data across geopolitical boundaries.

The report is available at www2.isda.org/news/isda-outlines-key-principles-for-further-improvingregulatory-transparency-and-derivatives-trade-reporting