BIS - Considerations for trade repositories in OTC derivatives markets - consultative report

Over the past several years there has been a coordinated effort by public and private sector entities to improve the post-trade infrastructure for the OTC derivatives market. One outcome of this effort has been the establishment of TRs to centralise information on outstanding OTC derivatives transactions and help improve the market's overall transparency. A well designed TR that operates with appropriate risk controls can provide an effective mechanism to collect and disseminate reliable data in a timely and proper manner to relevant authorities and the public, thereby strengthening the scope and quality of information available regarding the OTC derivatives market.

The report is being issued now as a consultation document and comments are invited from any interested parties. Comments should be sent both to the CPSS Secretariat (cpss@bis.org) and the IOSCO Secretariat (OTC-Trade-Repositories@iosco.org) by 25 June 2010; please mention "CPSS-IOSCO considerations for TR" in the subject line of your e-mail. The comments will be published on the websites of the Bank for International Settlements and IOSCO unless commentators have requested otherwise.

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