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Multiple repositories must adhere to common standards, says CPSS-Iosco

International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards

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The complexities of setting up trade repositories for over-the-counter derivatives as part of post-crisis regulatory reforms were brought sharply into focus last week with the publication of a 55-page report by the Committee on Payment and Settlement Systems and the technical committee of the International Organization of Securities Commissions (CPSS-Iosco) on August 24.

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