Deloitte Luxembourg develops blockchain solution for EMIR transaction reporting

Regulation | July 25, 2016 By:

Deloitte Luxembourg has announced the development of a proof of concept to address regulatory transaction reporting in a distributed ledger technology (DLT) environment.

Currently, all counterparties involved in trade transactions are required to insure that the details of any derivative contract—OTC or exchange traded—are reported to a trade repository no later than the working day following the contract,