Investors that use legal entity identifiers can help regulators prevent counterparty risks. But the Asian take-up has been low to date, says the Depository Trust & Clearing Corporation.
The country's regulator is introducing mandatory reporting and clearing in stages. But fund managers would be better able to implement the rules if they were introduced at the same time, observers argue.
Fund firms would be better able to comply with rules on the reporting of OTC derivatives trades in Singapore if ambiguities were cleared up, argues a senior executive at the trade depository.