FSB reviews OTC reform
A Financial Stability Board (FSB) report published on Friday examines the progress of the implementation of reforms in over-the-counter derivatives markets across its member states.
In September 2009, G-20 leaders agreed in Pittsburgh that all standardised OTC derivatives contracts should be traded on exchanges or electronic trading platforms where appropriate, and cleared through central counterparties by end-2012 at the latest.
In its first progress report on OTC derivatives markets reform
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