FSB progress report on OTC market reform

This progress report provides an update on the implementation of the post-crisis reforms for over-the-counter (OTC) derivative markets. Since the previous progress report in July, some additional steps have been taken in a few jurisdictions to implement frameworks for reforms. Nineteen of 24 FSB jurisdictions have in force trade reporting requirements covering over 90% of transactions in their markets. Reforms are also advancing, but more slowly, to promote central clearing and platform trading, where appropriate, for standardised contracts. Almost all jurisdictions have in force higher capital requirements for non-centrally cleared derivatives, but most are only in the early phases of implementing the BCBS-IOSCO framework for margin requirements for such transactions. The report also gives a brief update on developments in international workstreams that support the implementation of OTC derivatives market reforms. 

You can find the report here