Recommends assisting financial market regulators in introducing greater transparency and oversight with respect to the securitization and credit default swaps (CDS) markets.
The International Organization of Securities Commissions (IOSCO) issued its final report on unregulated financial markets and products. This recommends regulatory actions to assist financial market regulators in introducing greater transparency and oversight with respect to the securitization and credit default swaps (CDS) markets.
It also recommends improving investor confidence as well as the quality of unregulated markets. On securitization, the report recommends requiring originators and/or sponsors to retain a long-term economic exposure to the securitization and increased transparency requirements.
The report also advocates sufficient regulatory structure for the establishment of CCPs to clear standardized CDS, including requirements to ensure appropriate financial resources and risk management practices and the availability of transactions and market information.
© IOSCO
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