United States:
IOSCO Publishes Consultation Paper On Risk Mitigation Standards For Non-Centrally Cleared OTC Derivatives
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On September 17, the IOSCO published a consultation paper on
risk mitigation standards for non-centrally cleared OTC derivatives
(CR06/2014).
The standards have been developed in consultation with the Basel
Committee on Banking Supervision and the Committee on Payments and
Market Infrastructures and propose nine standards whose objectives
are to increase financial stability, facilitate the management of
counterparty credit and other risks and promote legal
certainty.
Comments are invited before the closing of the consultation on
October 17. Consultation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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