Reforms must be country-tailored - FSB

PANGLAO ISLAND, Bohol: Members of the Financial Stability Board Regional Consultative Group for Asia (FSB-RCGA) on Thursday stressed the need to consider individual national circumstances in the implementation of agreed international reforms in over-the-counter (OTC) derivatives markets.

In a two-day workshop here on OTC derivatives, members of the FSB-RCGA focused on the impact on Asia of the implementation of reforms in the US and Europe, cross-border implementation issues more generally, and market infrastructure that supports derivatives trading in Asia.