Today, the Canadian OTC Derivatives Working Group published a paper that sets out preliminary recommendations for implementing Canada's G-20 commitments related to OTC derivatives.

The recommendations cover five areas of reform, as follows:

  • capital incentives and standards
  • standardization
  • central counterparties and risk management
  • trade repositories
  • trading venues

See Reform of Over-the-Counter (OTC) Derivatives Markets in Canada.

The OTC Derivatives Working Group is an interagency group chaired by the Bank of Canada, composed of members from the Office of the Superintendent of Financial Institutions (OSFI), the federal Department of Finance, the Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the Bank of Canada.

For further information, please contact:

Media:

Jeremy Harrison
Bank of Canada
613 782-8782

Market participants:

Carolyn Wilkins
Bank of Canada
613 782-8589