Graph 6  Unemployment Rates %  %  8  8 Newcastle*  6  6 Nationwide**  4  4  2  2017  2019  *  Smoothed using a 13-term Henderson trend. **  Seasonally adjusted. 2021  2023  2  Sources: ABS; RBA.
The G-20 leaders agreed to require clearing and settlement of over-the-counter derivatives through central counterparties, and to increase transparency in those markets – which proved to be a channel of financial contagion during the crisis. A central counterparty is also being established in Canada for clearing repurchase agreements (repos), a key form of short-term financing. A related issue is market-based financing, including securitized lending.