The push to CCP



Moving more derivatives activity on to central counterparty (CCP) clearing is a central policy issue in the US and Europe. But the matter still appears to rank low on the agenda of Asian regulators, which have yet to move to force or encourage parties to use CCP for over-the-counter (OTC) derivatives. Nonetheless, some initial steps have been made in the commodity derivatives area, which accounted for $4.4 trillion of the global $592 trillion OTC derivatives market in notional amount as at th