Mandating clearing will have little impact on Australian market development
Australian regulators are looking at whether to mandate clearing of OTC derivatives, but the market is already moving to clear without a mandate in place
The imposition of a mandatory clearing regime by Australian regulators will have little impact on the development of the local over-the-counter derivatives clearing market structure, say market participants.
On May 8, the Reserve Bank of Australia, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission (Asic), published information on how they will assess the case for a clearing mandate under the new regulatory framework for OTC derivatives
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