Submissions on Central Clearing of Over-the-counter (OTC) Derivatives in Australia
In June 2011 the Reserve Bank of Australia, on behalf of the Council of Financial Regulators (comprising the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Treasury, and chaired by the Reserve Bank), issued a discussion paper ‘Central Clearing of OTC Derivatives in Australia’. The paper was released as part of the Council agencies' consideration of Australia's response to the substantial international reform efforts being undertaken in global OTC derivatives markets. Submissions and comments in response to this paper were invited from interested stakeholders. The following submissions have been received.
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Received by 1 September 2011
ANZ Global Markets, Institutional Division; Commonwealth Bank of Australia Markets; Macquarie Bank Limited; Westpac Institutional Bank Financial Markets
1 September 2011
Joint Response [PDF 520K]
ASX Clearing Corporation
1 September 2011
Response [PDF 390K]
Barclays Capital
29 August 2011
Response [PDF 252K]
CLS Bank International
30 August 2011
Response [PDF 35K]
Mr Satyajit Das
1 July 2011
Extract from ‘Wilmott Magazine’ - Central Counterparties, Part 1 [PDF 590K]
Extract from ‘Wilmott Magazine’ - Central Counterparties, Part 2 [PDF 143K]
d-cyphaTrade
1 September 2011
Response [PDF 130K]
Deutsche Bank AG Australia and New Zealand
31 August 2011
Response [PDF 516K]
Global Foreign Exchange Division
1 September 2011
Response [PDF 778K]
International Swaps and Derivatives Association, Inc.
26 August 2011
Response [PDF 1.1M]
J.P.Morgan
1 September 2011
Response [PDF 383K]
LCH.Clearnet Group Limited
1 September 2011
Response [PDF 178K]
Response - Annex [PDF 206K]
Mallesons Stephen Jaques
1 September 2011
Response [PDF 58K]
National Australia Bank, Wholesale Banking
29 August 2011
Response [PDF 1.5M]
Reval.com, Inc.
5 August 2011
Response [PDF 78K]
Mr Manmohan Singh - International Monetary Fund
12 July 2011
IMF Working Paper 10/99, ‘Collateral, Netting and Systemic Risk in the OTC Derivatives Market’ [PDF 534K]
IMF Working Paper 11/66, ‘Making OTC Derivatives Safe – A Fresh Look’ [PDF 1.2M]
RBC Capital Markets
1 September 2011
Response [PDF 2.5M]
Vanguard Investments Australia Ltd
31 August 2011
Response [PDF 874K]
Received after 1 September 2011
Australian Bankers' Association Inc.
12 September 2011
Response [PDF 118K]
Australian Bureau of Statistics
2 September 2011
Response [PDF 53K]
Australian Financial Markets Association
9 September 2011
Response [PDF 212K]
Colonial First State Global Asset Management
9 September 2011
Response [PDF 1.5M]
Finance and Treasury Association
15 September 2011
Response [PDF 229K]
