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G20- further work is needed on cross border derivative

16 September 2013  |  2310 views  |  0

The G20 finance ministers and central bank governors met in Moscow on 19-20 July
2013 and issued a communiqué following the meeting noting, among other
things, the continued progress in implementing over-the-counter derivatives
reforms in particular, the recent EU- US announcement on cross-border issues as
a major constructive step forward, which paves the way for resolving remaining
conflicts, inconsistencies, gaps and duplicative requirements globally. 
Further steps are required to complete this work and the G20 have asked key
regulators to report by the next G20 summit in September on how they have resolved cross-border issues.

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