Topics of discussion during the meeting included the ODRF’s work with a number of OTC derivatives trade repositories with respect to their functionality and the needs of the global regulatory community, and the development of cooperative oversight arrangements among authorities involving OTC derivatives central counterparties (CCPs) and trade repositories with wide international memberships.
During the meeting, the ODRF met with a number of OTC derivatives CCPs and trade repositories. The authorities discussed with the CCPs and trade repositories a number of issues around the practical experience of information sharing between authorities and the infrastructures, and the role of the infrastructures as regulatory reforms are implemented, along with general market developments.
The ODRF also discussed its future priorities, including its engagement with international standards-setting bodies.
“The meeting provided an opportunity for global authorities to discuss the practical oversight of vital markets infrastructure with the background of global OTC derivatives reform”, said David Lawton, Head of Markets Infrastructure and Policy at the UK FSA, who chaired the meeting. “The meeting allowed for sharing of useful information between the authorities, and provided a sound basis for the continued work of the ODRF.”
Press release
© FSA - Financial Services Authority
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article