Aussie market clearing well ahead of April mandate
Largest onshore derivatives dealers already caught by US and European rules
There has been no material increase in clearing volumes since the start of the Australian regulators' April 4 mandate, as dealers caught by the new rules had not only already moved away from bilateral deals for products within scope of the rules, but also for structures the authorities have yet to injunct – namely, overnight index swaps (OISs).
On December 11 last year Australian regulators –
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