South Africa to Finalize Rules for $9.3 Trillion OTC Derivatives Market by 2028

South Africa’s financial regulators plan to finalize rules requiring over-the-counter derivatives to be centrally cleared within the next two years, aiming to improve transparency and reduce systemic risk. The change is likely to affect derivatives market structure and participants’ liquidity and operating models, even if no specific near-term financial metric is cited.

Analysis

South Africa’s financial regulators plan to finalize rules requiring over-the-counter derivatives to be centrally cleared within the next two years, aiming to improve transparency and reduce systemic risk. The change is likely to affect derivatives market structure and participants’ liquidity and operating models, even if no specific near-term financial metric is cited.