Asifma: OTC extraterritoriality to boost Asia's capital markets

Asifma CEO, Mark Austen, says the resultant Asia regulator co-operation will have long-term benefits

Mark Austen, Asifma

The extraterritorial application of EU and US derivatives regulation, which was designed for a western crisis, exposed the adverse impacts that global reforms can have on nascent capital markets in Asia. There is now widespread recognition that conflicting and duplicative derivatives rules fragment markets, distort competition, and reduce financial market participants' abilities to operate across borders – much to the detriment of Asia-Pacific financial markets.

This created a clear economic and

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