EU regulation must consider confidentiality

Author: | Published: 22 Sep 2010

Disclosure measures proposed by the EC to improve information flows to regulators could threaten dealer-client confidentiality contracts. Lawmakers must be careful to get the final wording right.

“Disclosure requirements and the use of client data has not been receiving widespread attention,” said David Geen, general counsel at the International Swaps and Derivatives Association (Isda) at the group’s regional conference yesterday. “But dealers could be prevented from disclosure if contracted, and liable for sanctions if they do.”...