The Australian Treasury Department has released a proposals paper for the mandatory central clearing of interest rate derivatives denominated in USD, EUR, JPY and GBP (G4 currencies). This is the next step in mandating the clearing of interest rate derivatives
denominated in the G4 currencies. The proposals paper is based on recommendations provided by the Australian Prudential Regulatory Authority, Australian Securities and Investments Commission and the Reserve Bank of Australia. It discusses the scope and coverage
of interest rate derivative products and the case for mandating central clearing of Australian interest rate derivatives.
Comments are due by 10 April 2014.
Related link:
http://www.treasury.gov.au/ConsultationsandReviews/Consultations/2014/G20-over-the-counter-derivatives-commitments