FSB sees flaws in OTC derivatives reforms
Progress is proving uneven, with numerous issues arising
The Financial Stability Board (FSB) today unveiled its latest progress report on reforms to over-the-counter derivatives markets, finding implementation is uneven and still faces a range of issues.
Trade reporting and higher capital requirements for non-centrally cleared transactions show the greatest degree of progress, the FSB says. Furthermore, the landscape of regulatory changes "has become clearer" since the last report in April, with many of the larger jurisdictions, in particular, giving
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