Asian regulators proceed with financial reform

01/31/2012 | Risk.net (subscription required)

Financial regulators in Asia-Pacific are issuing consultation papers and making other efforts toward implementing Basel III and over-the-counter derivatives rules. Their efforts, however, are prompting concern. "The single biggest problem we are facing is the potential fragmentation of the Asia-Pacific market caused by mandating local clearing in each country," said Keith Noyes, ISDA's regional director for Asia-Pacific.

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