The International Organization of Securities Commissions has published initial policy proposals for risk mitigation standards for non-cleared swap transactions. IOSCO says that the goal of these standards is to promote legal certainty, expedite dispute resolution, help manage counterparty and other risks, and increase overall financial stability. In addition to proposing requirements related to margin, IOSCO also recommends minimum requirements related to documentation, confirmation, valuation of transactions, portfolio reconciliation and compression, and dispute resolution. IOSCO cautions that “[t]he different regulatory regimes should interact so as to minimise inconsistencies in risk mitigation requirements for non-centrally cleared OTC derivatives across jurisdictions.”