GRCStandard

CPS 226

Prudential Standard CPS 226: Margining and Risk Mitigation for Non-centrally Cleared Derivatives

This is an Australian standard issued by APRA outlining the requirements for margining and risk mitigation of non-centrally cleared derivatives. It ensures financial institutions operate with adequate practices to manage counterparty risk.

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Overview

CPS 226 establishes principles for financial institutions in Australia to manage risk exposure related to non-centrally cleared derivatives. The standard requires institutions to exchange variation margin and initial margin, maintain documented policies, and implement operational processes to assess and mitigate risks. Additionally, it aligns with international frameworks promulgated by global regulatory bodies. By ensuring consistent risk mitigation practices, CPS 226 aims to reduce systemic risks arising from derivative transactions.

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