Scientific review article
Autor: Dragoslav Vuković
Summary: What has been identified as a significant cause of the financial crisis which broke out in 2007 is the weakness of the present financial system in terms of tolerating the lack of transparency of the OTC financial derivatives market, where positions were generated in unbelievable volumes and systemic risks accumulated. This lack of transparency prevented the regulators from timely undertaking the adequate measures to control the systemic risks accumulation. This paper provides a review of the creation of a new segment of financial markets infrastructure, as a response of the regulators to the drawbacks of the financial market, focusing on trade repository as part of this new market infrastructure segment.