Australia finalizes approach for reporting OTC derivatives

The Australian Securities and Investments Commission is moving forward with implementation of over-the-counter derivatives reform, as urged by the Group of 20 nations. ASIC has finalized rules governing trade reporting for OTC derivatives. "This regime is designed to better enable regulators to identify systemic-risk concerns and potential market abuse, by enhancing the transparency of information to regulators and the market," ASIC Commissioner Cathie Armour said.

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