Work needed to ensure regulations mesh, says SFC’s Alder
Further international co-ordination is needed if the G-20 deadline for central clearing of standardised OTC derivatives is to be met, says new SFC chief executive
Global regulators still need to tackle a number of crucial issues before a globally consistent clearing and reporting structure can be put in place, according to Ashley Alder, chief executive of the Securities and Futures Commission (SFC) in Hong Kong. Progress on reaching an international agreement will determine whether Hong Kong is able to meet the end-2012 deadline set by the Group of 20 (G-20) nations for all standardised derivatives to be cleared through a central counterparty (CCP), he
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