This paper describes the major issues in the clearing of over-the-counter (OTC) derivatives and the current regulative … to the mandatory clearing for standardized contracts, the scope of the derivatives covered, the exemptions from clearing … for end-users and the reporting of cleared and uncleared derivative transactions by nearly all financial counterparties …

) derivatives markets may develop in the future. Given the inherently forward-looking nature of this paper, our analysis is … opportunities in centrally cleared OTC derivatives markets. The paper is structured around (i) emerging risks (cyber risk …-border market for centrally cleared OTC derivatives and a regulatory and supervisory approach towards CCPs that has remained largely …