The International Swaps and Derivatives Association (ISDA) would like to take this opportunity to respond to the Financial Stability Board’s Third Progress Report on Implementation of OTC Derivatives Market Reforms, as published on 15 June 2012 (“the Progress Report”).
We welcome the commitment from the FSB “to put additional focus on the readiness of infrastructures to provide central clearing, platform trading and reporting of OTC derivatives, thepractical ability of industry to meet the requirements and the remaining steps for industry to take.”
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