FSB: Progress reports on OTC derivatives reform and addressing legal barriers to reporting and accessing OTC derivatives transaction data
FSB has published these two progress reports, which indicate that although progress continues to be made, further action is required, particularly with regard to implementing margin requirements and platform trading commitments, and on removing legal barriers to trade reporting and authorities’ access to data held by trade repositories. Inpidual responses from FSB members with regard to the second paper may be downloaded inpidually via the second link, along with the main report. FSB notes that further progress reports on plans to remove legal barriers, and on OTC derivatives reforms more generally, will be published ahead of the July 2017 G20 Leaders’ Summit.