The WFE have published a response to IOSCO’s consultation on Good Practices for OTC Commodity Derivatives Markets.
In summary, the response supports a risk-based approach to OTC reporting, while emphasising that comprehensive OTC data collection should remain a regulator-led function rather than an exchange responsibility. It recommends that standard setters avoid creating unnecessary reporting burdens or duplicative requirements, and instead look to improve the use of existing data pipelines through initiatives such as greater cross-border regulatory cooperation.