Asian supervisors look to central clearing

While European and US regulators blaze a trail in over-the-counter derivatives reform, Asian supervisors have been more circumspect. Some are now exploring the use of central clearing but many are still wrestling with how best to implement it. Matt Cameron reports

All eyes have been on recent wrangling in the US Senate over the final shape of a comprehensive regulatory package to reform the over-the-counter derivatives markets. Europe is also preparing to launch its proposals to transform derivatives markets, with the European Commission (EC) expected to publish its scheme within the next month or two. In contrast, the Asia-Pacific region has kept a much lower profile, with many regulators declaring they will look to take their lead from the Group of 20