Our Senior Regulatory Reporting Specialist David Nowell recently spoke to Thomas Helm at Practice Insight for a special report on the accumulative impact of post-crisis reforms. In the report Thomas Helm joins the dots of transparency initiatives to reveal the bigger picture. David commented on data quality for the 124 data fields of EMIR trade reporting and the kind of errors we regularly see here at Kaizen.
“David Nowell says he frequently comes across errors, such as notional amounts in the “quintillions” in the Emir space, and that these errors can distort the public data aggregations. When compiling the public data aggregations we’d artificially disregard notionals above a certain level because they were obviously false, he says.
Read the full report.