Regulatory Reporting Working Group
Since the global financial crisis, a lot of regulatory reporting for multiple jurisdictions and products is required. A lot of pushback was received from regulators whenever ASIFMA raised the need for harmonization around regulatory reporting with them as regulators pointed out that the frameworks are designed to suit their own needs. With approval from the ExCo, the Regulatory Reporting Working Group is formed to alleviate burdens in this area. ICMA, ISDA and FIA have agreed to collaborate and have representatives on the working group as well.