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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