6  BIS central bankers’ speeches  What remains to be done? Of course, the work is not yet done. While the reporting regime has been almost fully implemented and the transition to clearing is well advanced, some elements of the agreed international package of derivatives reform have yet to be completed.
For instance, the international margining regime for non-centrally cleared derivatives is not due to come into force until next September; APRA is leading domestic work on the local implementation of that regime. At the same time, ASIC has been working on a framework for assessing the case for mandatory platform trading.