Canada ponders best route to derivatives clearing


Canadian banks and regulators are deliberating over the creation of a Canadian central counterparty (CCP) for over-the-counter derivatives. "There's a lot of work going on around this," remarks one Toronto-based derivatives head at a large Canadian dealer. The Group of 20 has called for all standardised derivatives to be centrally cleared and reported to trade repositories by the end of 2012, with non-standardised trades subjected to higher capital requirements. In the face of these demands,