The Canadian Securities Administrators is moving ahead with rules governing over-the-counter derivatives, in line with commitments made by the Group of 20 nations after the global financial crisis. The CSA is working on rules for reporting derivatives to a recognized trade repository. Bill Rice, chairman of the CSA and of the Alberta Securities Commission, said using trade repositories will "improve transparency in the derivatives markets, mitigate systemic risk and protect against market abuse."

Related Summaries