Page 17 - 期货和衍生品行业监管动态（2024年1月）

期货和衍生品行业监管动态

implement enhanced analytical and governance frameworks for margin models. When

CCPs use discretion to override model margin requirements, this should be done

within a publicly disclosed analytical and governance framework.

Clearing member transparency: Clearing members should provide greater

transparency to their clients and the CCPs of which they are members. Additionally,

they should develop enhanced analytical frameworks for assessing margin

responsiveness when passing on margin calls to clients.

This consultative report has been developed pursuant to publication of the

BCBS-CPMI-IOSCO Review of margining practices in 2022. In addition to this

consultative report published today, there will be two further upcoming reports, a

BCBS-IOSCO report Streamlining VM processes and IM responsiveness of margin

models in non-centrally cleared markets and a CPMI-IOSCO report Streamlining

variation margin in centrally cleared markets – examples of effective practices.

The Financial Stability Board (FSB) is also conducting work to develop

high-level, cross-sectoral policy proposals on non-bank market participants’ liquidity

preparedness to meet margin and collateral calls. The FSB will publish a consultative

report in the first half of 2024.

https://www.iosco.org/news/pdf/IOSCONEWS722.pdf

2. 巴塞尔银行监管委员会和国际证监会组织发布报告就非中央清算市场的良

好保证金实践提出建议（2024 年 1 月 17 日）

● 巴塞尔银行监管委员会（BCBS）、国际证监会组织（IOSCO）（合称

BCBS-IOSCO）发布了一份关于优化非中央清算市场的变动保证金流程

和初始保证金模型反应能力的报告。

● 报告提出了八项建议，鼓励实施良好的市场实践，但并未对巴塞尔银行

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