This review was conducted to support the priorities established by the Financial Stability Forum, including enhancing the
infrastructure for over-the-counter derivatives markets and encouraging market participants to act promptly to ensure that the settlement,
legal and operational
infrastructure underlying these markets is
sound.
Some of the transactions could involve a structure that emerges from a different jurisdiction in which you could find a
sound,
legal infrastructure to support and allow for such structure, but which the local law may not necessarily support.