Australian regulators unveil criteria for mandatory clearing
Australian over-the-counter derivatives may be forced to clear through central counterparties under certain specific conditions, according to an announcement from three regulatory bodies.
The Reserve Bank of Australia (RBA), the Australian Prudential Regulation Authority (Apra) and the Australian Securities and Investments Commission (Asic) yesterday released a joint statement outlining the process by which they will decide whether and when a particular product must be cleared through a central
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