Following the publication of its first Securities Markets Risk Outlook the International Organization of Securities Commissions (IOSCO) has published a second securities markets risk outlook for 2014/2015, which deals with important trends and risks in securities markets which may be of concern from a systemic perspective.

The document identifies risks relation to:

• the search for yield and the return of leverage in the financial system;
• the search for yield and volatility affecting emerging markets;
• risks in central clearing;
• the increased use of collateral and risk transfer; and
• governance and culture of financial firms.

Copies of the risk outlook:  http://bit.ly/1pLYnPR
and the accompanying press release:  http://bit.ly/1rGPHhK