FSB Publishes Responses to a Consultation Related to OTC Derivatives
FSB published responses to the consultation on evaluation of the effects of G20 financial regulatory reforms on the incentives to centrally clear over-the-counter (OTC) derivatives. FSB, BCBS, CPMI, and IOSCO had launched this consultation on August 07, 2018 and the consultation closed on September 07, 2018. FSB expects to publish the final evaluation report in November 2018, along with a summary on how FSB has responded to consultation responses.
This was the second evaluation under the FSB framework for the post-implementation evaluation of the effects of G20 financial regulatory reforms. The report identified reform areas that may merit consideration by the relevant standard-setting bodies. The findings from the report will inform relevant standard-setting bodies about any subsequent policy efforts and potential adjustments, keeping in mind the original objectives of the reforms. The final responsibility for deciding whether and how to amend a particular standard or policy remains with the body that is responsible for issuing that standard or policy. FSB expects to publish the final evaluation report in November 2018, along with a summary on how FSB has responded to consultation responses.
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Keywords: International, Banking, Securities, OTC Derivatives, Central Clearing, Regulatory Reforms, Reponses to Consultation, FSB/BCBS/CPMI/IOSCO
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