Featured Product

    CPMI and IOSCO Consult on Governance of OTC Derivatives Data Elements

    August 16, 2018

    CPMI and IOSCO published a consultative report on the governance arrangements for critical data elements (CDEs) of the over-the-counter (OTC) derivatives. CDEs are elements other than the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI). The document identifies key criteria, functions, and bodies for the governance arrangements for critical data. Consultation ends on September 27, 2018.

    The consultative report discusses the key criteria for the CDE maintenance and governance, the different areas of CDE governance and governance functions, and a proposed allocation of the governance functions to different bodies—that is, the Maintenance Body, the International Governance Body, and Authorities. After assessing CDE against other OTC derivatives data elements (the UTI, the UPI, and the LEI), the document discusses governance arrangements for the execution of maintenance functions by a Maintenance Body and factors relevant for the identification of the International Governance Body. Finally, the consultative report briefly mentions the approach of CPMI and IOSCO to CDE implementation.

    This consultative report complements the technical guidance on harmonization of UTI, the technical guidance on harmonization of UPI, and the technical guidance on harmonization of critical OTC derivatives data elements (other than UTI and UPI). This is a further step toward fulfilling the G20's commitment to report all OTC derivatives contracts to trade repositories, to improve transparency, mitigate systemic risk, and prevent market abuse. Aggregating the data reported across trade repositories will help ensure that authorities have a comprehensive overview of the OTC derivatives market and its activity.

     

    Related Links

    Comment Due Date: September 27, 2018

    Keywords: International, Securities, Banking, OTC Derivatives, Governance Arrangements, Critical Data Elements, Trade Repository, CPMI/IOSCO

    Related Articles
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    BaFin Lowers Countercyclical Capital Buffer Amid COVID-19 Outbreak

    BaFin published a general order to lower the countercyclical capital buffer (CCyB) from 0.25% to 0% as of April 01, 2020.

    April 03, 2020 WebPage Regulatory News
    News

    ESMA Updates Risk Assessment in Light of COVID-19

    ESMA updated its risk assessment to account for the impact of the COVID-19 pandemic.

    April 02, 2020 WebPage Regulatory News
    News

    FSB Outlines and Reprioritizes Its Work to Address COVID-19 Risks

    FSB published a statement that outlines its work toward addressing the financial stability risks posed by COVID-19, along with the reprioritization of its work program for 2020.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Announces Measures to Address the Impact of COVID-19

    Due to the outbreak of COVID-19, EIOPA is re-prioritizing and alleviating the burden by extending the deadlines or delaying projects where input from national competent authorities and/or industry is foreseen.

    April 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Use of Payment Moratoria to Address Liquidity Issues

    EBA published detailed guidance on the treatment of legislative and non-legislative moratoria on loan repayments to be applied before June 30, 2020, in light of the COVID-19 crisis.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Outlines Approach to Reporting and Disclosures Amid COVID-19

    PRA published a statement to outline its approach to regulatory reporting and Pillar 3 disclosures for UK banks, building societies, designated investment firms, and credit unions.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Finalizes Certain Modeling Issues for Solvency II Internal Models

    PRA published a statement (PS9/20) that sets out the final policy on modeling of income-producing real estate loans and internal credit assessment for illiquid, unrated assets within the Solvency II internal models.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Issues Statement on Mitigating Impact of COVID-19 Outbreak

    EIOPA issued a statement to insurers and intermediaries, urging them to take steps to mitigate the impact of COVID-19 on consumers.

    April 01, 2020 WebPage Regulatory News
    News

    APRA on Changes to Reporting Obligations for Banks Due to COVID-19

    APRA, in collaboration with the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS), published a letter outlining temporary changes in reporting obligations for authorized deposit-taking institutions and registered financial corporations, in response to COVID-19.

    April 01, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4936