Report proposes global standards for regulating market participants
Canada’s reputation sullied by firms engaged in abusive activities in the U.S. OTC markets
A critical area that is still being debated is the extraterritorial application of the rules
OSC hosts meeting to discuss technical issues relating to implementation efforts
The exemption aims to ensure that firms seeking to hedge business risks aren’t discouraged from using OTC derivatives
17 recommendations are targeted at authorities developing a mandatory clearing requirement as required by G20
Collecting data centrally would provide regulators and the public with better and more timely information on OTC derivatives
The meeting addressed cross-border issues related to the implementation of new legislation and rules to govern the OTC derivatives markets
The G20 has emphasized the importance of transparency in these markets and their protection against abuse
Industry group to communicate next steps and commitments to OTC Derivatives Supervisors Group