FSB praises market progress on OTC derivatives regulation

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By Costas Mourselas
29 Jun 2017

The Financial Stability Board (FSB) praised international efforts to reduce systemic risk and improve transparency of over-the-counter (OTC) derivatives markets on Thursday, while slamming the “opaque web” of exposures that existed before the reforms.

In one of the reports published, the Basel-based financial stability watchdog acknowledged that “meaningful progress” has been made, even if reforms have taken “longer than originally intended” thanks to the “scale and complexity” of the undertaking. Three reports were released in total, covering legal barriers to reporting, the ...

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