Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: IOSCO

IOSCO Produces CCP Stress Test Framework

Posted in EU Developments
On April 10, the International Organization of Securities Commissions (IOSCO), in conjunction with the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructures, published a framework for supervisory stress testing of central counterparties (CCPs) in a single jurisdiction or across multiple jurisdictions. The framework’s focus is stated to be the evaluation of “broad,… Continue Reading

FSB Publishes Policy Recommendations Relating to Asset Management Structural Vulnerabilities

Posted in Financial Markets
On January 12, the Financial Stability Board (FSB) published its policy recommendations (Recommendations) to address risks to global financial stability from structural vulnerabilities associated with asset management activities. The FSB consulted on its proposed recommendations in June 2016, and the FSB has incorporated responses to the consultation addressing specific structural vulnerabilities into the Recommendations. The… Continue Reading

CFTC To Host Roundtable on Recent CPMI-IOSCO Guidance

Posted in CFTC
The Commodity Futures Trading Commission will host a roundtable on October 6 to gather feedback in relation to a report on central counterparty resilience and recovery recently published by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO). Roundtable panelists will include US derivatives clearing organizations (DCOs), their… Continue Reading

IOSCO Publishes Good Practice Guidelines on Fees and Expenses of Collective Investment Schemes

Posted in Financial Markets, UK Developments
On August 25, the Board of the International Organization of Securities Commissions (IOSCO) published a final report (Report) on good practices for fees and expenses of collective investment schemes (CISs). The Report is published in the context of heightened regulatory scrutiny surrounding CISs and builds on existing standards with respect to CIS fees and expenses… Continue Reading

IOSCO Publishes Consultation on Good Practice for Termination of Investment Funds

Posted in Financial Markets, UK Developments
On August 18, the International Organisation of Securities Commissions (IOSCO) published a consultation report (Consultation) on a proposed set of good practices for the termination of open-ended and closed-ended investment funds. IOSCO notes in the Consultation that most national jurisdictions have legislation covering involuntary terminations (such as, when the investment fund becomes insolvent) but not… Continue Reading

CPMI and IOSCO Publish Report on CCP Resiliency Planning

Posted in CFTC
The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) published a report entitled Resilience and recovery of central counterparties (CCPs): Further guidance on the PFMI (Report), which seeks to clarify how CCPs should implement the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI). The PFMI strengthen… Continue Reading

ISDA Publishes Principles for US and EU Trading Platform Recognition

Posted in UK Developments
On February 24, the International Swaps and Derivatives Association Inc. (ISDA) published Principles for US/EU Trading Platform Recognition (Principles), which set out certain key principles and policy considerations that ISDA believes should facilitate comparability determinations and mutual recognitions between US and EU execution platforms. Notably, the Principles are primarily addressed to the US Commodities Futures… Continue Reading

CPMI and IOSCO Publish Joint Consultative Report on the Global Harmonization of OTC UTI

Posted in Derivatives
On August 19, as part of a response to a request from the Financial Stability Board (FSB), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a joint consultative report (Report) entitled “Harmonization of the Unique Transaction Identifier.” The Report represents a further stage in the ongoing… Continue Reading