On 8 April 2014, the Financial Stability Board ("FSB") published its seventh semi-annual progress report on the implementation of OTC derivatives market reforms. The report indicates that some jurisdictions still need to implement final legislation although the key issue is that regulatory authorities need to provide clarity on their processes for comparing regimes for equivalence purposes and to continue to work together to resolve conflicting requirements.
The FSB report is available at:
http://www.financialstabilityboard.org/publications/r_140408.pdf.
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