Asia financial regulators press on with banking reforms

Diverging directions

Asia’s law-makers: on the right track?

As the death rattle of the 2008–09 crisis continues to be heard, there are few certainties left in the financial markets. One, however, is the increasing importance of regulation. Initiatives have come thick and fast: in September 2009, the Group of 20 (G-20) countries ruled that by the end of 2012, all standardised over-the-counter derivatives should be cleared through central counterparties (CCPs) – a decision that has spawned the Dodd-Frank Act in the US and its younger sibling