IOSCO publishes standards for non-cleared derivatives: IOSCO has published its final standards for risk mitigation for non-centrally cleared OTC derivatives. There are nine recommendations, covering five key areas:

  • trading relationship documentation and trade confirmation;
  • process and/or methodology for determining valuation;
  • portfolio reconciliation;
  • portfolio compression; and
  • dispute resolution.

(Source: IOSCO Publishes Standards for Non-Cleared Derivatives)