Following the 2008 financial crisis, global regulators implemented strict transparency requirements for over-the-counter derivatives through frameworks like the Dodd-Frank Act in the United States and the European Market Infrastructure Regulation (EMIR) in Europe.
Enforcing Transaction Transparency
  Regulatory Framework |   Mandatory Reporting Deadline   |   System Transaction Scope Focus
-----------------------+----------------------------------+---------------------------------------
  Dodd-Frank Title VII | Real-time reporting (within hours) | Public trade repositories execution logs
  European EMIR Rules  | T+1 reporting deadline standard  | Comprehensive bilateral clearing checks

These mandates require financial firms to report the details of all foreign exchange forwards, swaps, and options transactions to certified Trade Repositories, providing regulators with full visibility into market leverage and counterparty concentrations to prevent systemic infrastructure failures.
 
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