International Regulatory Update

• On September 9, IOSCO released a Final Report on Commodity Derivatives Supervisory Principles.

• On September 4, ESMA released Guidelines and Recommendations regarding the implementation of PFMIs for CCPs.

• On September 3, ESMA released an updated list of authorized CCPs, along with a public register for the EMIR clearing obligation.

• On September 1, the BIS released a working paper on cross-border baking and liquidity.

• On August 29, the BCBS released a working paper on Foundations of the Standardized Approach for Measuring Counterparty Credit Risk Exposures.

• On August 26, ESMA announced its Secondary Markets Standing Committee Working Group.

• On August 5, IOSCO released a database/repository providing information on the status of OTC derivatives central clearing requirements in different jurisdictions.

• Also on August 5, ESMA released responses to its MiFID II/MiFIR consultation and discussion papers.

• On August 1, IOSCO issued a questionnaire relating to physical commodities derivatives (responses are due by October 31, 2014).