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Central banks

CPSS: OTC settlements good, but still room for improvement

Systems for the clearing and settlement of over-the-counter (OTC) derivatives trades have strengthened over the past few years, but further progress is needed to reduce risk, according to a Committee on Payment and Settlement Systems (CPSS) report issued…

Under the yoke

The Reserve Bank of India released its long-awaited draft derivatives regulations in early December. But far from opening the market up to a wider universe of products, dealers complain the derivatives market has been reined back in.

Singapore stakes its claim

The lion city is pushing for a slice of the fast growing Islamic finance market - a move that may put it on a collision course with its more established peers, notably Malaysia.

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