OTC MARKET NEWS Powered By Quantifi

Government consults on OTC derivatives 

March 3, 2014
Investor Daily

The Coalition has followed through on the previous government’s G20 commitment to reform Australia’s over-the-counter (OTC) derivatives market.

The Assistant Treasurer Arthur Sinodinos announced the release of a proposals paper canvassing the introduction of a limited obligation for central clearing of certain OTC derivatives yesterday.

The Labor government made three key commitments relating to the regulation of OTC derivatives at the 2009 G20 Summit in Pittsburgh.

The commitments included the requirement that all OTC derivatives be reported to central registries; that they be cleared through central counterparties; and that they be executed on electronic trading platforms where appropriate.

Read more: Investor Daily

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO