International Organization of Securities Commissions (Iosco)

Waiting for CCP standards

Proposed standards for central counterparties clearing over-the-counter derivatives will be published in May, tackling contentious issues such as governance, margin practices and default management. Dealers are anxious to ensure the standards are…

Bucking the trend

Ranjit Ajit Singh, managing director of the Securities Commission of Malaysia and Iosco chairman, is a rarity among financial supervisors: he favours market deregulation and the use of more risk management tools such as derivatives. Harry Thompson reports