The Bank for International Settlements Committee on Payments and Market Infrastructures and IOSCO provided guidance for derivatives regulators on harmonizing certain "critical" data elements for over-the-counter transactions.
IOSCO published a consultation report containing a series of recommendations that are intended to increase transparency and the availability of public information in the secondary corporate bond markets.
University of Houston Finance Professor Craig Pirrong criticized regulators for concentrating on reforming the OTC derivatives market while ignoring the "myriad connections of this market to other parts of the financial market."
The CFTC requested comments on proposed changes that would (i) remove indemnification requirements for the use of swap data by other regulators, and (ii) integrate existing advisory guidance on rules concerning the registration and review of exchange disciplinary actions. The request for comments was published in the Federal Register.
The CFTC approved proposed changes that would remove indemnification requirements for the use of swap data by other regulators. In addition, the CFTC approved a proposal that would integrate existing advisory guidance as to rules related to the registration and review of exchange disciplinary actions.
The Committee on Payments and Market Infrastructures and IOSCO requested comments on a consultative report that concerns the development of definitions and guidance for data elements to be used in reporting over-the-counter derivatives transactions.
The Committee on Payments and Market Infrastructures ("CPMI") and the International Organization of Securities Commissions ("IOSCO") published a consultative report intended to help the two organizations develop guidance for authorities on definitions for a first batch of key data elements. CPMI...
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