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AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory framework in the U.S. and European Union, which affects most OTC derivatives transactions cleared globally.

Read: OSC lightens derivatives reporting burden

The Guide to Sound Practices is supplemented by a Due Diligence Questionnaire for Clearing Members, which is intended to help asset managers evaluate different clearing members and clearing houses.

“These guidelines are unprecedented in detail and scope,” says Jack Inglis, AIMA’s CEO. He adds that the legal and operational rules for OTC derivatives have become increasingly complex legal since the 2008 financial crisis.

Also read:

New derivatives rules from OSC

Benchmarks are outdated

Originally published on Advisor.ca

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