Russian derivatives reporting rules still in flux
Big Russian corporates may be dragged into regime; netting conditions could also be easier to meet for foreign firms
Just days after limiting the scope of its derivatives reporting regime, Russian regulators began discussing plans to reintroduce counterparties and trade types that were cut from original draft rules, according to lawyers who have been involved in the talks.
The Central Bank of Russia (CBR) passed an ordinance on October 1 that meant only Russian financial institutions trading over-the-counter derivatives would be subject to the rules. But shortly afterwards, in a call with the International
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