Looking beyond the margins of OTC derivatives reform: Keynote address
A speech by Oliver Harvey, Senior Executive Leader, Australian Securities and Investments Commission to the 2016 ISDA Annual Australia Conference (Sydney, Australia), 20 October 2016.
Good morning. Thank you for having me here today.
As Scott O’Malia has mentioned, we in Australia – and around the world – again stand on the precipice of another piece of significant structural reform emerging from the response to the global financial crisis (GFC) – the implementation of margin requirements for non-cleared derivatives.
Today’s conference is very much focused on this specific topic and, over the course of the day, the sessions will cover a range of issues that industry and regulators are working through and are having to solve.