Asia plays catch-up on CCPs
While European and US regulators blaze a trail in over-the-counter derivatives reform, Asian supervisors have been much more circumspect. Some are now exploring the use of central clearing but many are still wrestling with how best to implement it. Matt Cameron reports
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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