A speech by Cathie Armour, Commissioner, 今日热门事件, at the ISDA Annual Australia Conference, 17 October 2013.
This conference is timely as it comes just two weeks after the commencement of the first of Australia鈥檚 G20 commitments to over-the counter (OTC) derivatives reform 鈥� the obligation for some Australian banks to begin reporting their OTC derivatives transactions to trade repositories.
It also comes at a time when the Australian Government and Australian regulators are gearing up to begin consultation and implementation of other key reforms 鈥� namely the mandatory clearing obligation and the international principles in relation to the margining of non-centrally cleared transactions.
This morning I鈥檇 like to cover four areas that are at the forefront of ASIC鈥檚 and the Australian regulators鈥� minds:
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first, I鈥檒l talk briefly about the recently agreed international principles on margin requirements for non-centrally cleared trades
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second, I鈥檒l give an update on implementation of trade reporting in Australia
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then I鈥檇 like to take a forward look on mandatory clearing requirements and requirements for the mandatory execution of trades on organised trading platforms
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finally, I鈥檇 like to provide an update on ASIC鈥檚 cross-border discussions and our perspective on how these are progressing.