FSB finds OTC derivatives reforms riddled with gaps

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A number of countries are some distance from introducing required legislation on over-the-counter derivatives reform, and still more have not implemented the rules they have agreed, according to a fourth progress report, published today (October 31) by the Financial Stability Board (FSB).

The report reviews the progress of G-20 countries towards meeting commitments regarding OTC derivatives reform agreed at a summit in Pittsburgh in 2009. The six areas for reform are central clearing, platform

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