Derivatives, central clearing are target of Australia study
by Felix Shipkevich at CFTC Law
The Reserve Bank of Australia, in connection with Australia’s Council of Financial Regulators, has released a discussion paper on “Central Clearing of OTC Derivatives in Australia.” As the title suggests, the paper analyzes the over-the-counter derivatives market in Australia, and considers the positive and negative consequences of derivatives reform, and especially of central clearing. This paper is partially a response to the implementation of derivatives and clearing reform movement well underway in the United States and Europe, and partially as part of Australia’s G-20 member responsibilities.