Australia’s commitment to over-the-counter derivative reforms
A global focus on reforming the over-the-counter (OTC) derivative market stems from the recent global financial crisis and involves regulators committed to the same objectives: to enhance transparency of transaction information available to relevant authorities and the public; ensure financial stability; and support detection and prevention of market abuse.
In 2012, the Committee on Payment and Settlement Systems and the International Organization of Securities Commissions published the CPSS-IOSCO Principles for financial market infrastructures, which set out standards for trade repositories (and other financial market infrastructures) to be applied by regulators around the world.
Trade repositories are facilities to which information about derivative transactions, such as maturity, price, reference entity and counterparty identity, can be reported by one or both counterparties. Their central function is to store and provide access to that data to users, domestic and overseas regulators, and the public, essentially serving as a reliable central data source which in turn should greatly enhance global transparency in the market…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
The ITC has reaffirmed its power to ban electronic transmissions from the US where those transmissions infringe an intellectual property right or are otherwise based on an unfair trade practice.
A new French law, the ‘Law to recapture the real economy’ (‘Loi visant à reconquérir l’économie réelle’ or ‘Loi Florange’), was made on 1 April 2014.
Analysis from The Lawyer
Imagine you’re the general counsel of London-based private equity investor BC Partners. You’re sipping on your coffee, hashing out the details of your imminent £382m investment into UK-based business publishing company Mergermarket.
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe