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Regulators must remain vigilant in supervising clearinghouses 

March 20, 2015

Mark Wetjen, Reuters

Last month the board of the International Organization of Securities Commissions (IOSCO) met in Seoul to discuss a number of agenda items, including safeguards for central counterparties, or CCPs.

IOSCO – as the name suggests – is the international forum and standard setter for market regulators such as the Commodity Futures Trading Commission (CFTC), upon which I serve, the Securities Exchange Commission, as well as comparable regulators around the globe.

It should not be surprising that CCPs were on IOSCO’s agenda, as they have been many times before – market regulators globally (including the CFTC) have had a role in supervising CCPs for generations. Moreover, there is growing interest in CCPs given their increasingly important role in the wake of implementation of G20 financial reforms related to the clearing of derivatives contracts.

Read More: Reuters

 
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