Regulators to work together to monitor banks’ compliance with derivatives data reporting
The rules should no longer distinguish between over-the-counter and exchange-traded derivative transaction when calculating counterparty risk
OSC releases April 2015 issue of Investment Funds Practitioner
Requirements have now been pushed to September 2016
Nine-month delay reflects the complexity of implementing the framework
The added time will give OSC staff more time to develop a mechanism for public disclosure
Mandatory clearing of OTC derivatives intended to improve transparency
FIA recommends ways to improve central clearing of OTC derivatives
Revision reflects reforms to OTC derivatives markets agreed to by the G20
CSA proposes that some OTC derivatives be required to trade exclusively on exchanges