Although many observers may be happy to see the memory of the Global Financial Crisis fade with time, its echo remains in regulations that continue to evolve to this day.
Kicked off at the Pittsburgh meeting of G20 Leaders in 2009, a comprehensive reform agenda for OTC derivatives markets is now well underway.
Much of the activity from regulators around the world aims to both monitor trading and exposure, and put in place measures that allow for positions to be more readily unwound in the event of financial turmoil.
While the issues at hand do not impact every entity, business unit, function or role, having big picture awareness of them should help you and others in your organisation to develop greater understanding of why some policies and procedures within your organisation and others you transact with may have changed or been introduced.
In this CPD short course we examine how measures to improve transparency, mitigate systemic risk and protect against market abuse have been implemented in OTC derivatives markets in Australia and other major financial centres.
- Investigate the factors in financial markets that contributed to initiation of the OTC derivatives reform process
- Outline the main components of OTC derivatives reforms
- Identify what products are covered by the central clearing requirements and describe how the requirements have been implemented in primary financial markets
- Explain the purpose of trade reporting requirements and describe how they have been implemented in primary financial markets
- Analyse the scope and main aspects of the OTC derivatives margin rules
- Appraise implementation of the OTC derivatives reform agenda to date and reflect on prospects for current and future initiatives.
Looking for a RG146 CPD solution? This course also forms part of our complete online CPD solution, , which enables financial participants and organisations to meet ASICs RG 146 ongoing training requirements.