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
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.
Responding to a
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