FinanceMagnates
South Africa’s regulators are preparing sweeping
changes to the country’s over-the-counter (OTC) derivatives market in a bid to
reduce systemic risk and tighten oversight of non-bank providers. The Financial Sector Conduct Authority (FSCA) said new
capital and clearing requirements could be implemented within the next three
years.Central Clearing on the HorizonFSCA Commissioner Unathi Kamlana said the regulator
plans to require certain OTC products to be cleared through a central
counterparty…
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South Africa’s Regulator Proposes Central Clearing for FX Swaps in New Derivatives Rules
Jared Kirui
08:23
South Africa’s regulators are preparing sweeping changes to the country’s over-the-counter (OTC) derivatives market in a bid to reduce systemic risk and tighten oversight of non-bank providers. The Financial Sector Conduct Authority (FSCA) said new capital and clearing requirements could be implemented within the next three years.Central Clearing on the HorizonFSCA Commissioner Unathi Kamlana said
