Registration regime aims to protect investors, reduce risk and improve transparency in the OTC derivatives markets
Unique transaction identifiers would be introduced no later than the end of 2020
UPIs are being introduced to enhance the transparency of the OTC derivatives markets
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