The collapse of MF Global has underscored the need to investigate options for strengthening client money protections for over-the-counter (OTC) derivative transactions, Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, said today.
The comments were made while launching a discussion paper on the Handling and use of client money in relation to over-the-counter derivatives transactions.
The discussion paper considers various aspects of Australia's current regulatory regime for the keeping and handling of client monies, in particular the regulation of OTC derivatives.
To see the entire media release please visit my Treasury website.
Protecting client money in Over-the-Counter derivatives
21 November 2011