Regulatory Design

The Global Financial Crisis has demonstrated the limits of debates over privileging rules over principles or vica-versa. Effective regulatory design necessitates a pro-active interaction between rules, principles and social norms in order to determine that stated values actually inform practice. This series examines the impact of the GFC on regulatory design.    

IOSCO Publishes its Final Report on International Standards for Derivatives Market Intermediary Regulation

IOSCO has issued a report which recommends high-level international standards for the regulation of market participants that are in the business of dealing, making a market or intermediating transactions in over-the-counter (OTC) derivatives.
Originally Published: 
Wednesday, June 6, 2012

IOSCO Consults on Certain Internal Controls and Procedures of the Credit Rating Agencies

This Consultation Report describes certain internal controls and procedures that credit rating agencies (CRAs) use to promote the integrity of the credit rating process and address conflicts of interest, with a view to promoting a better understanding of these practices.
Originally Published: 
Friday, May 25, 2012

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