June 6 (Bloomberg) -- A commission appointed by the Group of 20 nations called for stricter regulation to reduce the risk in over-the-counter, or OTC, derivatives markets.
The final report, published today by the International Organization of Securities Commissions, said that greater transparency was needed among derivatives market intermediaries, or DMIs, which include brokers, in OTC derivatives markets to avoid a repeat of the risks to the global economy created by the 2008 financial crisis.
The publication listed 15 recommendations, including the registration or licensing of DMIs and publicly available information on those companies.
Madrid-based IOSCO brings together national market regulators from more than 100 countries to coordinate rules and share information.
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