FSB finds limited progress on G20 reforms

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By GlobalCapital
15 Oct 2019

The Financial Stability Board’s (FSB) annual progress report, published on Tuesday, shows that during the last year there has been little progress in implementing agreed G20 reforms to over-the-counter (OTC) derivatives.

The report states that while 23 of the 24 FSB member jurisdictions had imposed interim higher capital requirements for non-centrally cleared derivatives, just seven had competed setting up final capital requirements — an increase of four over end-November 2018. This process should have been completed by January 2017. The ...

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