AIMA

Given the international nature of the OTC derivatives markets and the commitments made by the G20 to reform those markets, there has been a need to coordinate regulatory proposals globally. 

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have jointly been tasked with setting agreed standards for financial market infrastructure providers, including central counterparties and trade repositories.  The CPSS and IOSCO have also taken a coordinating role in helping to reach agreement on the collection and sharing of OTC derivatives data.

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Key recommendations

CPSS-IOSCO Principles for Financial Market Infrastructures (April 2012)

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Relevant consultations

IOSCO second consultative document on margin requirements for non-centrally cleared derivatives (February 2013)  

IOSCO consultation on recommendations regarding the protection of client assets (February 2013)

BCBS-IOSCO consultation on margin requirements for non-centrally cleared derivatives (July 2012)

CPSS-IOSCO Consultation Paper on Principles for Financial Markets Infrastructures (March 2011)

CPSS-IOSCO consultations on the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to OTC derivatives CCPs and considerations for trade repositories in OTC derivatives markets (May 2010)

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AIMA documents

Response to IOSCO consultation on recommendations regarding the protection of client assets (March 2013)

Response to BCBS-IOSCO Second Consultative Document on margin requirements for non-centrally cleared derivatives (March 2013)

Summary of IOSCO Consultation on recommendations regarding protection of client assets (February 2013)

AIMA response to BCBS-IOSCO consultation on margin requirements for non-centrally cleared derivatives (September 2012)

CPSS-IOSCO Principles for Financial Markets Infrastructures (August 2011)

AIMA response to CPSS-IOSCO consultation on the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to OTC derivatives CCPs and considerations for trade repositories in OTC derivatives markets (June 2010)