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.

More in this section

 

What's new

Cleaning up our markets from dangerous leaks of information

1 February 2017

ASC Commissioner Cathie Armour discusses market cleanliness as we head into the reporting season.

Read the opinion piece

ASIC consults on consolidating ASIC market integrity rules

24 January 2017

ASIC has released a consultation paper proposing to consolidate and clarify Australia's market integrity rules.

Read the media release

Pershing Securities pays $40,000 infringement notice penalty

16 January 2017

Pershing Securities Australia Pty Ltd has paid a penalty of $40,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel.

Read the media release

More media releases on markets

Subscribe to the Market Integrity Update now!

MECS portal

The market entity compliance system (MECS) provides market entities with tools and information to assist with compliance.

Log in to MECS

More about MECS

Last updated: 23/03/2016 03:09