OTC derivatives reform
At the 2009 Group of 20 Pittsburgh Summit, the Australian Government joined other jurisdictions in committing to substantial reforms to practices in over-the-counter (OTC) derivative markets with respect to transaction reporting, clearing and trade execution.
The overarching objectives of the OTC derivatives reforms are to:
- enhance the transparency of transaction information available to relevant authorities and the public
- promote financial stability, and
- support the detection and prevention of market abuse.
These commitments aim to bring transparency to these markets and improve risk management practices. These changes provide a framework for the regulation of OTC derivatives reporting, clearing and trade execution. Queries in relation to ASIC's work in the area of OTC derivatives reform can be sent to: OTCD@asic.gov.au.
More in this section
- Background to the OTC derivatives reforms
- Derivative transaction reporting
- Derivative trade repositories
- Central clearing of OTC derivatives
- Trade execution on trading platforms
- Frequently asked questions
- Further resources on OTC derivatives reform