FSB Says Progress Made On Derivatives Reporting, Clearing
Law360, London (November 19, 2018, 2:59 PM GMT) -- The Financial Stability Board said on Monday that most central banks and regulators under its umbrella have set up strong reporting and central clearing requirements for over-the-counter derivative trades as it pushes through reforms to the multitrillion-dollar sector introduced after the financial crisis.
The FSB, a global body, revealed that 21 of its 24 member jurisdictions have rules that require OTC derivatives trades to be reported to repositories, up from 19 members since June 2017. The trade reports allow national regulators to monitor the sector.
The stability board also said that 18 member states have set out criteria for determining when standardized...
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