Risk Live: Common standards for trade reporting should be mandatory, argues senior industry representative.

Financial authorities should force markets to adopt a single format for transaction reporting, a senior figure at the International Swaps and Derivatives Association has said. The call comes as Isda promotes its own data standardisation project, the common domain model (CDM).

In the panel discussion at Risk Live, Baton’s CEO Arjun Jayaram warned, however, “We shouldn’t wait for a perfect solution.”