Catalyst's Stephen Loosely questions if clearers and clearing houses are going far enough with stress testing and suggests a wider testing of assets and liabilities is crucial to effect risk management.

Clearing houses stress test the cleared liabilities of their members to protect themselves against extreme losses in a default. Regulations direct what stress testing should provide for. On the surface, it looks like we’re all safe. But we’re missing something big.

The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

Press Release from International Organization of Securities Commissions

The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published its Final Report on Regulatory Issues Raised by the Impact of Technological Changes on Market Integrity and Efficiency, containing Recommendations aimed at promoting market integrity and efficiency and to mitigate the risks posed to the financial system by the latest technological developments including high frequency and algorithmic trading.

The International Swaps and Derivatives Association, Inc. (ISDA) filed a comment letter on September 23 with the Committee on Payment and Settlements Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) in response to their consultative report on over-the-counter (OTC) derivatives data reporting and aggregation requirements.

The Technical Committee of the International Organization of Securities Commissions (IOSCO) has today published its report on Principles for the Regulation and Supervision of Commodity Derivatives Markets.  The Report, prepared by the Task Force on Commodity Futures Markets, addresses the G20’s November 2010 request for further work on regulation and supervision of physical commodity derivatives markets.

The Committee on Payment and Settlement Systems and the Technical Committee of IOSCO have today released for comment a report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

The committees support the view that TRs, by collecting such data centrally, would provide the authorities and the public with better and timely information. This would make markets more transparent, help to prevent market abuse, and promote financial stability.

The FIA Principal Traders Group and the FIA European Principal Traders Association today released their joint response to a consultation report issued by the International Organization of Securities Commissions seeking public input on the impact of technological changes on market integrity and efficiency.

The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world. The Board of Governors of the Federal Reserve System, a member of the CPSS, and the U.S.

New and more demanding international standards for payment, clearing and settlement systems have today been

The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published a consultation report, Issues Raised by Dark Liquidity,containing principles to assist securities markets authorities in dealing with issues concerning dark liquidity. The principles are designed to: