In this issue:

- Derivatives

- Regulatory Capital

- Financial Services

- Hearings

- Excerpt from Derivatives:

FSB Consults on Approaches to Aggregate OTC Derivatives Data On 4 February 2014, the Financial Stability Board (“FSB”) published a consultation paper entitled, “Feasibility Study on Approaches to Aggregate OTC Derivatives Data.” The paper is part of a response to a request by the FSB for a feasibility study that sets out and analyses the various options for aggregating OTC derivatives data reported to trade repositories. As a result of the global derivatives reforms, derivatives trade data will be reported to trade repositories around the world. The FSB wants to ensure that the data reported to trade repositories can be effectively used by authorities, including to identify and mitigate systemic risk, through enabling the availability of the data in aggregated form. The study and consultation responses will assist the FSB in its decision, with the International Securities Organization Commission (“IOSCO”), as to whether a global aggregation mechanism is needed. The consultation paper sets outs various models for such a mechanism. Responses to the consultation are due on 28 February 2014.

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