Australia waiting for international consensus on central clearing
Australia's latest consultation paper outlines only "incremental steps" to central clearing
The Australian Treasury launched a second round of industry consultation on proposals for over-the-counter derivatives regulation on April 18, causing frustration among participants who had hoped for more detail on government policy after the country’s regulatory forum, the Council of Financial Regulators, published its first consultation last June.
The latest paper, entitled Implementation of a framework for Australia’s G20 over-the-counter derivatives commitments, outlines the legislative
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