Australian regulators suggest clearing exemption for foreign exchange
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
Financial regulators in Australia have recommended exempting foreign exchange swaps and forwards from any impending central counterparty clearing obligations in a discussion paper published by the Reserve Bank of Australia (RBA) last week.
In response to international reform of the over-the-counter derivatives market, regulators in Australia have considered the logistics and challenges of central clearing in a 49-page discussion paper.
The most-actively traded contracts in Australia's domestic
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