MAS warns on fragmented clearing and reporting

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The installation of multiple central counterparties (CCPs) and trade repositories in Asia threatens to undermine the original aim of post-crisis over-the-counter derivatives reforms to deliver enhanced transparency and more effective risk management, the Monetary Authority of Singapore (MAS) has warned.

"We are seeing a proliferation of CCPs and trade repositories set up in Asia. While this will provide choice to Asian market participants, it may also increase risks and lead to higher costs. Reg

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