Submissions on Oversight of Overseas Facilities
In its media release of 24 October 2008, the Reserve Bank proposed a modification to the Financial Stability Standard for Central Counterparties to establish a framework for the regulation of overseas central counterparties. In particular, the Reserve Bank proposed to explicitly take into account an overseas facility’s compliance with its home regime in assessing whether it was contributing to the overall stability of the Australian financial system. Respondents were asked to consider both the proposed framework and the wording of the variation to the Standard to give effect to the new regime. The following submissions have been received.
Go To
Received by 21 November 2008
Australian Clearing House Pty Limited and SFE Clearing Corporation Pty Limited
- Letter: Consultation on Variation of the Financial Stability Standard for Central Counterparties; Oversight of Overseas Facilities [PDF 36K]
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Submission: Oversight of Overseas Facilities
[PDF 59K]
21 November 2008
Received after 21 November 2008
European Multilateral Clearing Facility
NV
Consultation on Variation of the Financial
Stability Standard for Central Counterparties:
Oversight of Overseas Facilities
[PDF 99K]
25 November 2008
Henry Davis York
Reserve Bank of Australia Consultation
Paper: Variation of the Financial Stability
Standard for Central Counterparties; Oversight of Overseas Facilities [PDF 31K]
25 November 2008
Confidential Submissions
One additional organisation provided a submission, but requested that its views remain confidential. A confidential attachment has also been removed from the submission from Henry Davis York.
