The proposed standards aim to address several important operational risks CDS faces in its dealings with transfer agents
Revisions simplify standards and improve consistency
A new report details the central bank’s oversight of financial market infrastructure entities
The move brings the ACSS under the formal oversight of the central bank, and requires it to comply with risk management standards
The recognition will allow it to provide clearing services to European clients
The regulators also published progress reports on the implementation of principles for financial market infrastructures in the U.S., Japan and Europe
Amendments give clearing agency flexibility to act during a crisis
The CSA and Bank of Canada have developed guidance to clarify new global standards in the Canadian context
Proposed new fund would guard against losses due to participant defaults
Proposal would give management authority to deal with situations that could imperil CDS, markets