Hong Kong lawmakers to enforce mandatory CCP by the end of 2012

julia-leung-hk-financial-bureau

Hong Kong will require financial institutions incorporated in the territory to clear all their interest rate swaps (IRS) and non-deliverable forwards (NDF) at an authorised central counterparty (CCP) clearing house and report them to a local trade repository run by the city's central bank by the end of 2012.

The move makes Hong Kong the second jurisdiction in Asia to mandate central clearing of OTC derivatives after Japan, which passed a similar law last year. Both jurisdictions are demanding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: