By Jeremy Grant
Published December 19, 2012 Financial Times
Asia took its first step towards establishing a trade repository for off-exchange derivatives as The Depository Trust & Clearing Corporation, the US-based post-trade group, said it had opened a data centre in Singapore.
The move highlights how the infrastructure required for capturing and storing records of over-the-counter (OTC) trades is starting to be built in the region, in compliance with G20 reforms to clean up the derivatives markets in the wake of the 2008 crisis.
full article 
(subscription)
By Huw Jones
Published December 18, 2012 Reuters
Europe will definitely fail to meet the globally-agreed January deadline for the implementation of tougher capital requirements for banks after European Union talks to agree the rules were postponed on Tuesday.
World leaders approved the Basel III regime in late 2010, giving the world's top 20 economies (G20) two years to get ready. The accord will force banks to triple the amount of capital they hold over six years.
full article 
(free)
By Jeremy Grant
Published December 10, 2012 Financial Times
KRX, the Korean exchange, plans to launch voluntary clearing of won-denominated interest rate swaps in April next year in the latest sign that Asian markets are gearing up to meet the G20 mandate on over-the-counter derivatives.
The move comes as banks and other counterparties in the OTC derivatives markets are preparing for a wave of OTC clearing activity across Asia as local rules similar to the US Dodd-Frank act kick in.
full article (subscription)
By Alexandra Alper and Louise Egan
Published November 4, 2012 Reuters
Countries may face sanctions if they fail to implement new rules aimed at safeguarding the global banking system from another financial crisis, a senior Mexican finance official said.
New rules forcing banks to roughly triple the size of capital buffers they hold are set to be phased in over six years starting in January, after each country has finalized its own version.
full article (free)
By Staff
Published October 10, 2012 International Financing Review
The Japanese Securities Clearing Corporation has launched its over-the-counter interest rate swap clearing service, becoming the first Asia-Pacific-based central counterparty to clear the yen-dominated instruments.
The move on Tuesday will enable market participants in the region to comply with the G-20 year-end deadline to clear standardised OTC derivatives through CCPs. Japanese regulators had also set a deadline of this November to clear certain OTC derivatives.
full article (free)
By Robert Pickel
Published October 2, 2012 Financial Times
Europe’s overhaul of its financial markets moved a step closer last week as lawmakers agreed their revisions to the legislation that will govern trading in Europe.
The stakes here are high. The legislation, known as the Markets in Financial Instruments Directive, or Mifid, has been in force since 2007 and its review has long been mandated. However, that revision has taken on new significance in Europe post the financial crisis and as part of the, G20 regulatory repair programme. As a result, the scope of Mifid is well beyond what was originally anticipated.
full article (subscription)
By Larry Thompson
Published August 30, 2012 Financial Times
When the G20 members met in 2009 to design the post-crisis regulatory framework, they set an ambitious but necessary goal – to improve the integrity and efficiency of the financial system by enhancing transparency in the over-the-counter (OTC) derivatives markets.
The merit of their efforts remains clear. However, the inevitable complexity that emerges from different jurisdictions drafting and implementing financial policy amid a persistently volatile macroeconomic environment has made developing a consistent set of rules a key challenge for policy makers around the globe.
full article (subscription)
By Marianne Brown
Published August 26, 2012 Financial Times
At the heart of Europe’s efforts to reduce risk and increase transparency in the financial markets, as mandated by the G20 group of leading nations, is the proposed requirement for “eligible” derivatives transactions to be cleared through entities known as clearing houses or central counterparties.
full article (subscription)
Published August 6 2012 Risk
International and U.S. policies for clearing over-the-counter derivatives transactions are on a collision course. The Group of 20 wants all contracts to be cleared centrally, but Dodd-Frank Act rule-makers are setting a limit on the amount that a single counterparty can clear. CME Group pointed out that two of its member firms already deal in volume that could exceed the limit.
full article (subscription)
By Risk Staff
Published August 1 2012 Risk
Execution, clearing, reporting – of the three strands of over-the-counter derivatives reform agreed by the Group of 20 (G-20) nations in 2009, dealers could probably have lived with the last two. The market had already been moving towards wider use of central counterparties – although admittedly, just for interdealer trades – and regulatory reporting will not fundamentally affect the economics of the business.
full article (subscription)