Two sides to the clearing debate

While ASX chief executive Elmer Funke Kupper argues that offshore clearing of derivatives transactions could lead to systemic risk, increased competition in the market could deliver benefits.

Two years ago, the Australian Council of Financial Regulators decided to leave it to the market to determine where over-the-counter derivatives transactions should be cleared. ASX chief executive Elmer Funke Kupper, however, is still arguing the case for mandating domestic clearing while investing heavily in developing its own platform.

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