A number of trade associations, including ISDA, AIMA and the IA, have called for an entity-based framework for derivatives trade reporting. The trade associations note that global agreement has not yet been reached on which entity should report a trade and that, consequently, some regulators require both parties to a transaction to report the full terms of the trade separately. The trade associations believe that dual-sided reporting does not improve the quality of the data reported and creates cost and complexity for end-users. The trade associations call for the global adoption of an entity-based reporting framework, where sole responsibility for reporting is assigned to one counterparty (typically a dealer or CCP), via an automated hierarchy process.