The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (Basel Committee), the Committee on Payments and Market Infrastructure (CPMI) and the International Organisation of Securities Commissions (IOSCO) have launched surveys as part of their joint work to review the effects on incentives to centrally clear over-the-counter derivatives trades following the implementation of the G20 regulatory reforms.

The project is being undertaken by the FSB – Basel Committee – CPMI – IOSCO Derivatives Assessment Team (DAT). The DAT study is being carried out under the FSB’s framework for post-implementation evaluation of effects of the G20 financial regulatory reforms. The study began in July 2017 and a final report is expected to be published in late 2018.

The results of the surveys will also be used by the Basel Committee to inform its own review of the impact the Basel III leverage ratio on banks’ provision of clearing services and any consequent impact on the resilience of central clearing.

Survey responses must be submitted by 26 January 2018.

View FSB, Basel Committee, CPMI and IOSCO launch surveys on incentives to centrally clear OTS derivatives trades, 14 December 2017