Events/Conf/Fairs, Economy, finance, tax and competition
The European Central Bank, the Bank of England and the Banque de France are organising a conference entitled “September 2013, four years after Pittsburgh: What has OTC derivatives reform achieved so far?”. The conference will bring together central banks and academics to assess the progress made in reducing risks in over-the-counter (OTC) derivatives markets since the start of the G20 reform programme, and to discuss the road ahead.
In September 2009 the G20 leaders agreed that all standardised OTC derivatives contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties (CCPs) by the end of 2012. The G20 commitments are currently being implemented across jurisdictions, including through the Dodd-Frank Act in the United States and the European Market Infrastructure Regulation in the EU. The conference aims to take stock of the reform process so far, from the perspective of both policy-makers and academics.