FSB: Progress report on implementation of OTC derivatives market reforms

FSB has published its ninth progress report. Among the findings, it is noted that implementation of reforms is most advanced for trade reporting and for higher capital requirements for non-centrally cleared derivatives; there has been further progress with regard to the promotion of central clearing of standardised OTC derivatives: few jurisdictions have regulatory frameworks in place to promote execution of standardised contracts on organised trading platforms and most jurisdictions are only in the early phases of implementing the BIS/IOSCO framework for margin requirements for non-centrally cleared FSB invites comments on the report, to be received by 24 August 2015