Tag: central clearing

central clearing

FSB Reports “Good Progress” on OTC Derivatives Reform

The Financial Stability Board (FSB) has issued two reports studying the implementation of its reform programme for OTC derivatives markets and says that “good progress” continues to be made across its agenda.
Studying the period from end-June 2017, the report concludes that 21 out of 24 FSB member jurisdictions have comprehensive trade reporting requirements in force, up by two since end-June 2017. The three to yet put the reporting frameworks in place are Argentina, South Africa and Turkey, however the FSB says the three have made “some progress” in that period, particularly Turkey.

And Another Thing…

It was 10 years ago yesterday that one of the more higher profile ventures of recent years in the FX space shut its doors in that October 17 2008 was the last day of trading for FXMarketSpace.
There have been times in the past five years when people in the industry – and I have to stress they did not work for FXMS at any time – have told me they thought the centrally-cleared, anonymous model would have been ideal for the current environment.

FSB Sees Derivatives Reform Progress: But More Needed

The Financial Stability Board (FSB) has published three reports looking at the ongoing derivatives markets reform process and while the news is broadly positive the FSB says there is still more progress needed on trade repositories (TRs).
A summary of the papers will be delivered to the G20 heads at the upcoming Hamburg meeting – the reform process started in September 2009 at the Pittsburgh G20 summit.
The latest reports find that implementation of the reforms is now well progressed, although this has taken longer than originally intended due to the scale and complexity of the reforms and other challenges.