Canada may establish domestic OTC clearing house
Regulators seek feedback on pros and cons of Canadian CCP as consultation draws to close
Securities regulators in Canada are exploring the possibility of establishing a multi-asset-class central counterparty (CCP) for over-the-counter transactions. The CCP would be an answer to the challenge of moving the nation towards mandated derivatives clearing without surrendering supervision of the clearing process to regulators of foreign clearing houses.
Canada committed to clear all standardised derivatives contracts through CCPs at the G20 summit in Pittsburgh in September 2009. The
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