Featured Product

    CPMI-IOSCO on Harmonization of Critical OTC Derivatives Data Elements

    June 27, 2017

    CPMI and IOSCO published the third batch, consultative report on harmonization of critical OTC derivatives data elements (other than Unique Transaction Identifier, or UTI, and the Unique Product Identifier, or UPI). This report complements the consultative report on Harmonization of key OTC derivatives data elements (other than UTI and UPI)—first batch, on Harmonization of critical OTC derivatives data elements (other than UTI and UPI)—second batch, and on Harmonization of the Unique Transaction Identifier, along with the two consultative reports on harmonization of the UPI. CPMI and IOSCO issued the final technical guidance on UTI in February 2017 and plan to issue the one on UPI around mid-2017 and one on critical data elements in early 2018.

    The report is a further step toward fulfilling the Group of 20's (G20) 2009 commitment to report all OTC derivatives contracts to, with the aim of improving transparency, mitigating systemic risk, and preventing market abuse. Aggregation of the data reported across trade repositories will help ensure that authorities can obtain a comprehensive view of trade repositories in the OTC derivatives market. The CPMI, IOSCO, and FSB have, in recent years, published reports to lay the foundation for the harmonization work on key OTC derivatives data elements for meaningful aggregation on a global basis, including the 2012 CPSS-IOSCO report on OTC derivatives data reporting and aggregation requirements, the 2013 CPSS-IOSCO report on  Authorities' access to trade repository data, and the 2014 FSB Feasibility study on approaches to aggregate OTC derivatives data. Following the 2014 feasibility study, the FSB asked the CPMI and IOSCO to develop global guidance on the harmonization of data elements reported to trade repositories and important for the aggregation of data by authorities, including the UTI and the UPI. This consultative report is part of the Harmonization Group's response to that mandate. 

     

    Related Links

    Press Release 

    Consultative Report (PDF) 

    Response Form (PDF)

    Comments Due Date: August 30, 2017

    Keywords: International, Trade Repository, OTC Derivatives, CPMI, IOSCO, Securities, UPI, UTI

    Related Articles
    News

    APRA Updates Lists of Validation and Derivation Rules in December 2019

    APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    December 13, 2019 WebPage Regulatory News
    News

    APRA Finalizes Prudential Standard for Credit Risk Management of Banks

    APRA updated the prudential standard on credit risk management requirements (APS 220) for authorized deposit-taking institutions, post a public consultation.

    December 12, 2019 WebPage Regulatory News
    News

    EIOPA Consults on Guidelines on ICT Security and Governance

    EIOPA issued a consultation on guidelines on the Information and Communication Technology (ICT) security and governance by insurers.

    December 12, 2019 WebPage Regulatory News
    News

    BCBS Consults on Design of Prudential Treatment for Crypto-Assets

    BCBS published a discussion paper on the design of prudential treatment for crypto-asset exposures of banks.

    December 12, 2019 WebPage Regulatory News
    News

    NCUA Approves Delay of Risk-Based Capital Rules Until January 2022

    The NCUA Board held its eleventh open meeting of 2019 and approved a final rule to delay the effective date of the risk-based capital rules for credit unions to January 01, 2022.

    December 12, 2019 WebPage Regulatory News
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on European Benchmarks Regulation in December 2019

    ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA on Draft Amendments to Indices and Recognized Exchanges Under CRR

    ESMA issued the final report on draft amendments to the Implementing Regulation (EU) 2016/1646, which specifies the main indices and recognized exchanges, under the Capital Requirements Regulation (CRR), that are relevant to credit institutions and investment firms subject to prudential requirements and trading venues.

    December 11, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4316