Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
APG Investment Management’s chief investment officer and Natixis Investment Managers chief operating officer have been appointed as vice presidents to Abou-Jaoudé.
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
The European Fund and Asset Management Association said a lack of enforcement on costs of market data has been detrimental to consolidated tape efforts.
Reporting of derivatives transactions under EMIR has proved problematic for firms and regulators, as trade groups call for a standardised approach.