The HKMA, SFC Consultation Conclusions On OTC Derivatives – Part II

Last week's Learning Curve discussed the consultation conclusions published by the Hong Kong Monetary Authority and the Securities and Futures Commission on July 11 in relation to comments received from market participants and other industry bodies on a public consultation paper relating to the proposed regulatory regime for the OTC derivatives market in Hong Kong on Oct. 17, 2011. The aim is to introduce a new regulatory regime in Hong Kong in line with the G-20's goal of reducing systemic risk in the global OTC derivatives market.