The standards are part of an overall effort to improve transparency and oversight in over-the-counter (OTC) derivatives markets
The temporary exemption does not affect firms that are already subject to the mandatory clearing requirements
Global policymakers issue several sets of new guidance
The exercise would help regulators understand how a market crash would affect multiple CCPs, financial market infrastructure and the economy
Comments on the IOSCO consultation are due by Aug. 30
Central clearing continues to gain traction
The investment industry will get its chance to weigh in on plans to overhaul the regulation of the over-the-counter derivatives market
The new regulatory regime would establish conduct rules similar to those for dealers in equities markets, but with unique measures
The guidance is intended to help authorities implement effective resolution regimes and develop credible resolution strategies and plans for CCPs
The new rules are part of Canada’s effort to meet its G20 commitments to reform global OTC derivatives markets following the global financial crisis