MAS Guidelines on Risk Mitigation Requirements for OTC Derivatives
MAS published guidelines on risk mitigation requirements for non-centrally cleared over-the-counter (OTC) derivatives contracts. The guidelines address trading relationship documentation, trade confirmation, valuation, portfolio reconciliation, portfolio compression, dispute resolution, and governance. The annex contains a table listing the possible terms for trade confirmation.
The guidelines are intended for entities exempted under section 99(1)(a), (b) and (c) of the Securities and Futures Act (Cap. 289) for dealing in capital markets products that are not centrally cleared OTC derivatives contracts on the requirements set out in regulation 54B of the Securities and Futures (Licensing and Conduct of Business) Regulations. The guidelines should be read in conjunction with Securities and Futures (Licensing and Conduct of Business) Regulations.
Keywords: Asia Pacific, Singapore, Banking, Securities, OTC Derivatives, Securities and Futures Regulation, Risk Mitigation, Guidelines, MAS
Previous Article
SRB Chair Speaks About Focus Areas of the Upcoming SRB PolicyRelated Articles
|
News
APRA Revises Standard on Margin Rules for Uncleared DerivativesAPRA revised CPS 226, which is the prudential standard on margin and risk mitigation requirements for non-centrally cleared derivatives.
September 19, 2019
WebPage
Regulatory News
|
|
News
PRA Issues Consultation on Prudent Person Principle Under Solvency IIPRA, via the consultation paper CP22/19, has set out its proposed expectations for investment by firms, in accordance with the Prudent Person Principle (PPP).
September 18, 2019
WebPage
Regulatory News
|
|
News
EIOPA Forms Consultative Expert Group on Digital Ethics in InsuranceEIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.
September 17, 2019
WebPage
Regulatory News
|
|
News
FDIC Approves Proposal to Amend Swap Margin RuleFDIC approved what would be a joint proposal by the US Agencies (FCA, FDIC, FED, FHFA, and OCC) to amend regulations that require swap dealers and security-based swap dealers under the agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared (Swap Margin Rule).
September 17, 2019
WebPage
Regulatory News
|
|
News
FASB Proposes Taxonomy Changes Related to Topics 848 and 470FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Statement on Recalculating Transitional Measures Under Solvency IIBoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Hosts Conference to Discuss Issues from Emergence of StablecoinsBIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Paper on Embedded Supervision of Blockchain-Based Financial MarketBIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Paper on Market-Implied Systemic Risk and Shadow Capital AdequacyBoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.
September 13, 2019
WebPage
Regulatory News
|
|
News
HKMA Consults on Policy Module on Pillar 2 Supervisory Review ProcessHKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.
September 13, 2019
WebPage
Regulatory News
|
