Asia Risk Congress 2010: Asian banks prepare for national clearing houses

keith-noyes
Keith Noyes, Isda

Financial institutions in Korea, China and India expect new derivatives regulations will force them to move some of their standardised contracts to a national central counterparty (CCP). Panellists at the Asia Risk Congress 2010 in Hong Kong today predicted more open economies such as Australia would be more likely to work with established CCPs than set up their own, due to lack of trading volume. Keith Noyes, Asia-Pacific regional director for the International Swaps and Derivatives Associat