Regulators consult on first phase of clearing and second of reporting
The Hong Kong Monetary
Authority (HKMA) and the Securities and Futures Commission
(SFC), on Wednesday, launched a consultation on introducing the
first phase of mandatory clearing and the second phase of
The first phase of
mandatory clearing will see standardised interest rate swaps
(IRS), including fixed-to-floating swaps, basis swaps and
overnight index swaps denominated in HKD, USD, EUR, GBP and JPY
subject to mandatory clearing.
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