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Central counterparty clearing house: Difference between revisions
Central counterparty clearing house (view source)
Revision as of 09:23, 24 September 2012
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*'''G20 Mandate''': In September 2009, the G20 leaders agreed in Pittsburgh that, by end-2012, all standardised OTC derivative contracts be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties. | *'''G20 Mandate''': In September 2009, the G20 leaders agreed in Pittsburgh that, by end-2012, all standardised OTC derivative contracts be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties. | ||
*'''Regulatory Backing''': | *'''Regulatory Backing''': | ||
**'''US''': In the United States, the central clearing reforms are being implemented as part of the Dodd-Frank Act, with the | **'''US''': In the United States, the central clearing reforms are being implemented as part of the Dodd-Frank Act, with the [[Commodities Futures Trading Commission]] ({{tag|CFTC}}) and [[Securities and Exchange Commission]] ({{tag|SEC}}) in charge of rule making. | ||
[[Commodities Futures Trading Commission]] ({{tag|CFTC}}) and [[Securities and Exchange Commission]] ({{tag|SEC}}) in charge of rule making. | |||
**'''Europe''':In Europe this is part of the [[European Market Infrastructure Regulation]] ({{tag|EMIR}}) process led by the [[European Commission]]. | **'''Europe''':In Europe this is part of the [[European Market Infrastructure Regulation]] ({{tag|EMIR}}) process led by the [[European Commission]]. | ||
*'''Timing''': G20 Mandated that all standardised OTC derivative contracts be traded on exchanges or electronic trading | *'''Timing''': G20 Mandated that all standardised OTC derivative contracts be traded on exchanges or electronic trading | ||