Regulatory Reform of OTC Derivatives and Its Implications for Sovereign Debt Management Practices

Oecd

No 1, OECD Working Papers on Sovereign Borrowing and Public Debt Management from OECD Publishing

Abstract: This report analyses the possible implications for public debt management practices arising from regulatory changes for over the counter derivatives (OTCD) that are being developed worldwide to strengthen the resiliency of the financial system. Many OECD sovereigns use OTCD in their debt management activities (mainly interest rate swaps and cross-currency swaps). Some of the regulatory initiatives for OTCD markets may lead to changes in sovereign and dealer practices. Potential changes include modifications to collateralization requirements, the use of central clearing for OTCD trades, and increased pre- and post-trade reporting. Issues around sovereign exemptions and the transition of existing OTCD portfolios may also require attention from sovereign debt managers...

Keywords: debt management; general financial markets; government policy and regulation; international financial markets; sovereign debt (search for similar items in EconPapers)
JEL-codes: G15 G18 H63 (search for similar items in EconPapers)
Date: 2011-09-30
New Economics Papers: this item is included in nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:oec:dafaaf:1-en

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