Australia pushes forward with OTC derivatives reforms

The country's regulator establishes timeline for swaps reporting soon after completing a market consultation on the new rules

The Australian Securities and Investment Commission has finalised a phased approach for the reporting of OTC derivatives trades starting from October, as the regulator forges ahead with plans to implement G20-led reforms.

The plans mark swift progress from Asic in bringing new rules governing the swaps market into force, following the conclusion of a market consultation on trade reporting on May 1.

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