US still has no plans to give Asian sovereigns Dodd-Frank exemption, says Hong Kong regulator


US regulators are showing no signs of relaxing Dodd-Frank Act rules that will force Asian and European central banks and sovereign-sponsored entities to transact derivatives via central counterparties (CCPs) and trade repositories, when conducting business with US banks. By contrast, the US Federal Reserve and US Treasury have already received exemptions from such requirements.

The move has caused uproar in Asia and Europe, but Esmond Lee, executive director in the financial infrastructure

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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