Friday January 30 2015

News Source: Global Exchanges

Focus: Credit Rating

Type: General

Country: International

Link: http://www.iosco.org/news/pdf/IOSCONEWS361.pdf




The International Organization of Securities Commissions (ISOCO) published its final report of Risk Mitigation Standards for Non-centrally Cleared OTC derivatives markets. This report sets out nine standards which focus on mitigating the risks in non-centrally cleared OTC derivatives markets.

Risk mitigation standards have been developed by ISOCO and the Basel Committee on Banking Supervision (BCBS) following the initial framework governing the minimum standard on margin requirements for non-centrally cleared OTC derivatives, which was published in 2013.

The risk mitigation standards focus on the following areas:

  • Trading relationship documentation and trade confirmation
  • Process and/or methodology for determining valuation
  • Portfolio reconciliation
  • Portfolio compression
  • Dispute resolution

Click on the above link for further information.