IOSCO Encourages Greater Post-Trade Transparency in Credit Default Swaps Market

IOSCO analyzed the potential impact of mandatory post-trade transparency in the credit default swaps ("CDS") market. IOSCO defined the term "post-trade transparency" as referring to "a regulatory system that mandates disclosure of information, widely accessible to the public, about the price and volume of each relevant transaction" rather than "regulatory structures that allow for voluntary or selective disclosure of data."

IOSCO concluded in the report that "greater post-trade transparency in the CDS market – including making the price and volume of individual transactions publicly available – would be valuable to market participants and other market observers." IOSCO encouraged each member jurisdiction to take steps toward enhancing post-trade transparency in its CDS market.

See: IOSCO Press Release Announcing Final Report; IOSCO Final Report: "Post-Trade Transparency in the Credit Default Swaps Market."Related News: IOSCO Issues Report on Post-Trade Transparency in CDS Market (November 18, 2014).