CORRECTION/Canadian Securities Regulators Publish Consultation Paper on Margin and Collateral Requirements for Non-Centrally Cleared Derivatives
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/07/16 -- In the release issued earlier today by the Canadian Securities Administrators, please be advised that the body of the text was mistakenly taken from an unrelated press release. Complete corrected text follows.
The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 95-401 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives. The Consultation Paper proposes a framework for the calculation and exchange of margin and collateral relating to non-centrally cleared derivatives.
"This proposed framework is the CSA's initial step to develop rules that protect market participants entering into non-centrally cleared derivatives by addressing counterparty risk," said Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the Autorite des marches financiers. "The policy recommendations in this proposed framework are broadly consistent with international standards and substantially harmonized with the Office of the Superintendent of Financial Institutions' margin requirements for federally regulated financial institutions."
This Consultation Paper continues the CSA's efforts to implement regulatory oversight of the over-the-counter derivatives market in Canada, in response to the regulatory reform commitments made by leaders of the G20 countries.
The Consultation Paper can be found on . The comment period is open until September 6, 2016.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
Contacts:
Alison Walker
British Columbia Securities Commission
604-899-6713
Kristen Rose
Ontario Securities Commission
416-593-2336
Mark Dickey
Alberta Securities Commission
403-297-4481
Sylvain Theberge
Autorite des marches financiers
514-940-2176
Jason (Jay) Booth
Manitoba Securities Commission
204-945-1660
Andrew Nicholson
Financial and Consumer Services Commission, New Brunswick
506-658-3021
Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586
Janice Callbeck
Government of Prince Edward Island,
Superintendent of Securities
902-368-6288
John O'Brien
Office of the Superintendent of Securities
Newfoundland and Labrador
709-729-4909
Rhonda Horte
Office of the Yukon Superintendent of Securities
867-667-5466
Jeff Mason
Nunavut Securities Office
867-975-6591
Tom Hall
Office of the Superintendent of Securities,
Northwest Territories
867-767-9305
Shannon McMillan
Financial and Consumer Affairs
Authority of Saskatchewan
306-798-4160
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Unternehmensinformation / Kurzprofil:
Datum: 07.07.2016 - 17:04 Uhr
Sprache: Deutsch
News-ID 482113
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contact information:
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VANCOUVER, BRITISH COLUMBIA
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Associations
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