The Committee on Payments and Market Infrastructures ("CPMI") and IOSCO published a document, titled " Public Quantitative Disclosure Standards for Central Counterparties" (the "Document"), that sets forth quantitative data disclosure standards for central counterparties ("CCPs"). The Document is meant to complement the disclosure framework, published by the Committee on Payment and Settlement Systems and IOSCO in December 2012, that was intended to improve the overall transparency of financial market infrastructures and that covers qualitative data in need of updating relatively infrequently

The CFTC announced that it is seeking public comments on an application submitted by CME Clearing Europe Limited for registration as a derivatives clearing organization. Comments must be submitted by March 27, 2015. S ee: CFTC Press Release; click here to submit comments.

SEC Director of the Division of Enforcement Andrew Ceresney delivered remarks about AML compliance practices and the value of Suspicious Activity Reports ("SARs"). Mr. Ceresney stressed that legal and compliance departments must not be kept in "silos" and should be treated as "full partners in the business." In general, he noted, firms that avoid regulatory problems tend to prioritize legal and compliance issues. Mr. Ceresney identified Suspicious Activity Reports ("SARs") as a critical component of AML compliance and stated that they provide the SEC with the information to "initiate cases

Office of the Comptroller of the Currency ("OCC") Deputy Comptroller for Supervision Risk Management Darrin Benhart delivered remarks at the Global Association of Risk Professionals conference. His remarks concerned emerging risks in the financial services industry and the OCC's efforts to identify and respond to the new risks that must be faced by national banks and federal savings associations. See: Mr. Benhart's Remarks.

IOSCO published a report titled " Review of the Implementation of IOSCO's Principles for Financial Benchmarks." The report sets out IOSCO's findings as to the implementation of its " Principles for Financial Benchmarks" ("Principles"). IOSCO's review consisted of surveying Administrators, who provided samples of Benchmarks across a range of geographical areas and asset classes, and reviewing Administrator public statements on compliance. Widespread efforts to implement the Principles were reported by the majority of administrators surveyed. The responses received from administrators also show