IOSCO call for comments on governance of OTC derivatives data


Date: 23 August 2018

On 16th August 2018, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published for public comment a consultative report on governance arrangements for over-the-counter (OTC) derivatives data elements.

The document, Governance arrangements for critical OTC derivatives data elements (other than UTI and UPI), identifies key criteria, functions and bodies for the governance arrangements for critical data. It is a further step towards fulfilling the Group of 20's commitment to report all OTC derivatives contracts to trade repositories (TRs), to improve transparency, mitigate systemic risk and prevent market abuse. Aggregating the data reported across TRs will help ensure that authorities have a comprehensive overview of the OTC derivatives market and its activity.