Asia plays catch-up on CCPs
All eyes have been on recent wrangling in the US Senate over the final shape of a comprehensive legislative package to reform the over-the-counter derivatives markets. Europe is following the same path, with the European Commission (EC) expected to publish its proposals within the next month or two. In contrast, the Asia-Pacific region has kept a much lower profile, with many regulators declaring they will take their lead from the Group of 20 (G-20) nations.
The pace of change now seems to be
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