Proliferation of central clearing in Asia causes tech trials

Technology trials

Among the key measures proposed by the Group of 20 in response to the financial crisis is reform of the over-the-counter derivatives market, including the introduction of central clearing for standardised instruments. The US was the first to implement this recommendation, followed by Europe, while Asia is following suit. So far, Japan and Hong Kong have taken steps towards mandating the central clearing of certain OTC derivatives, with Singapore, Australia, South Korea and other countries