FSB report highlights countries behind on OTC reforms

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A progress report, published by the Financial Stability Board (FSB) today (June 15), shows a number of G-20 countries are behind on over-the-counter derivatives market reform. The deadline for implementing the reforms is the end of 2012.

The extent of the reforms has been mixed, the report says. Mexico and Turkey have not yet taken any action towards legislation or implementation. The European Union (EU) and Japan, despite making progress with legislation in most areas, have taken very limited a

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