Reform of Over-the-Counter (OTC) Derivatives Markets in Canada: Notice and Discussion Paper
Reform of Over-the-Counter (OTC) Derivatives Markets in Canada: Notice and Discussion Paper
Reform of Over-the-Counter (OTC) Derivatives Markets in Canada: Notice and Discussion Paper
The Canadian OTC Derivatives Working Group published a paper that sets out preliminary recommendations for implementing Canada's G-20 commitments related to OTC derivatives. The recommendations cover five areas of reform capital incentives and standards, standardization, central counterparties and risk management, trade repositories, trading venues.
The OTC Derivatives Working Group is an interagency group chaired by the Bank of Canada, composed of members from the Office of the Superintendent of Financial Institutions (OSFI), the federal Department of Finance, the Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the Bank of Canada.