OTC derivatives central counterparty issue urgent
The Financial Stability Forum, a collection of central bankers and financial regulators, has urged market participants to swiftly establish a central counterparty for over-the-counter (OTC) credit derivatives, in its follow-up report on enhancing market and institutional resilience.
A central counterparty would make OTC derivatives markets more efficient, the report states. The forum further insisted accounting-standards setters quickly conclude their work on the valuation of instruments in
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