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.

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What's new

Driving better behaviour in the wholesale spot FX market

26 May 2017

We have a released a report that looks at the key behavioural drivers of conduct within the FX businesses of major Australian financial institutions.

Read the media release

Trust in a digital world

25 May 2017

ASIC Chairman Greg Medcraft recently discussed the importance of trust in a digital world at the 2017 Stockbrokers and Financial Advisers Conference.

Read the full speech

ASIC accepts EU from Macquarie Bank to address inadequacies within their FX businesses

19 May 2017

We have accepted an enforceable undertaking from Macquarie Bank in relation to its wholesale FX businesses.

Read the media release

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Last updated: 03/04/2014 12:00