Asia OTC markets at risk from lack of global CCP framework

asia markets

The failure to agree a globally co-ordinated set of rules to manage central counterparty (CCP) equivalency could drive US and European dealers from Asian markets, prompting a fall in liquidity that could make it "impossible" for cross-border transactions to take place in the region, according to Howard Lee, executive director of the Hong Kong Monetary Authority (HKMA).

The potential for Asian CCPs to be deemed non-equivalent by Europe and the US has caused concern for dealers in the region but r

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