Bank for International Settlements: “The consultative report Authorities’ access to trade repository data was published for public comment on 11 April 2013. Trade repositories (TRs) are entities that maintain a centralised electronic record of over-the-counter (OTC) derivatives transaction data. TRs will play a key role in increasing transparency in the OTC derivatives markets by improving the availability of data to authorities and the public in a manner that supports the proper handling and use of the data. For a broad range of authorities and official international financial institutions, it is essential to be able to access the data needed to fulfil; their respective mandates while maintaining the confidentiality of the data pursuant to the laws of relevant jurisdictions. The purpose of the report is to provide guidance to TRs and authorities on the principles that should guide authorities’ access to data held in TRs for typical and non-typical data requests. The report also sets out possible approaches to addressing confidentiality concerns and access constraints. Accompanying the report is a cover note that lists the specific related issues for comment.”
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