Work is also in progress on other relevant issues at an international level (capital requirements for exposures to central counterparties, margining standards for noncentrally cleared transactions, guidance on resolution of central counterparties, as well as on authorities’ access to trade repository data) and at a regional and national level.
In Europe, at the end of next week a comprehensive set of standards for the implementation of the European Market Infrastructure Regulation will enter into force, complementing the European legal framework for the so-called “clearing obligation” embodied in the G20 statement of September 2009.