One Year Ago In Derivatives Week
The Taiwan Financial Supervisory Commission was evaluating the creation of an over-the-counter derivative central counterparty. [The country has since focused on the creation of a trade repository, and has selected Gretai Securities Markets, the exchange and interest-rate and bond derivatives exchange, to house the repository. The plans for the repository, however, have been criticized by industry officials, arguing that reporting requirements in the country would be prohibitively expensive for the market and unworkable (DI, 8/9).]
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