On January 28, 2015, the International Organization of Securities Commissions (“IOSCO”) published its final report on risk mitigation standards for non-centrally cleared OTC derivatives, setting out nine standards to help strengthen the non-centrally cleared OTC derivatives market. The standards include risk mitigation techniques relating to trade confirmation, valuation with counterparties, dispute resolution and cross-border transactions, and aim, amongst other issues, to enhance legal certainty over the terms of non-centrally cleared OTC derivatives transactions and shorten the amount of time it may take to resolve disputes.

The final report is available at: http://www.iosco.org/library/pubdocs/pdf/IOSCOPD469.pdf.