Asian central banks press ahead with OTC derivatives reform


The Reserve Bank of India (RBI) and Hong Kong Monetary Authority (HKMA) both revealed details of their latest efforts to regulate the market for over-the-counter derivatives today (July 11). The RBI said it has launched an OTC derivatives trade repository; while the HKMA today published the results of its consultations on wider regulatory measures.

Subir Gokarn, deputy governor of the RBI, said at the launch of India's trade repository that both market participants and regulators need access to

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