RBA’s Edey explains cross-border treatment of CCPs
Australia will not insist on domestic incorporation for overseas CCPs
While there is a financial stability argument for insisting overseas central counterparties (CCPs) are domestically incorporated, regulators in Australia have decided this could contribute to market fragmentation, an assistant governor at the central bank said today (October 22).
"[It] might not be sustainable in a rapidly changing global market," Malcolm Edey, assistant governor (financial system) at the Reserve Bank of Australia, told an audience in Sydney.
Instead, Australia's Council of
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