Legislation aimed at facilitating the establishment of South Korea’s central clearing counterparty was expected to be passed by the country’s parliament in early 2012, meaning the country would be on track to deliver its CCP by the G20 end of 2012 deadline. [Last month, lawyers in Seoul said the country’s CCP would not be ready until after mid-2013. This is due to debates surrounding a raft of capital markets reform, which is causing the delay to the legislation that is partly aimed at facilitating the establishment of South Korea’s CCP.]
