Hong Kong to start OTC derivatives clearing and reporting in January 2013 – HKMA's Lau

hkma
Hong Kong Monetary Authority headquarters

In his keynote address at the Isda Asia-Pacific conference in Hong Kong today, Edmond Lau, executive director for monetary management at the Hong Kong Monetary Authority (HKMA) said that clearing and reporting of over-the-counter derivatives would be "tentatively" introduced in January 2013.

He added that certain non-deliverable forwards and interest rate swaps will be initially identified as clearing-eligible transactions, with more to follow.

The news comes after publication last week of a

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