Australian regulators suggest clearing exemption for FX

australia-pa

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) today.

In response to international reform of the over-the-counter derivatives market, regulators in Australia, which is a member of the Group of 20 leading economies and so committed to implementing similar reforms, have considered the logistics and challenges of centra

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