GFMA Submits Comments to the Australian Treasury on Australia's G20 Derivatives Commitments
15 June 2012
The Global FX Division (GFXD) of GFMA provides comments to the The Treasury of the Commonwealth of Australia on the implementation of a framework for Australia’s G20 over-the counter derivatives commitments (Consultation Paper, April 2012). Many of the current legislative and regulatory reforms will have a significant impact upon the operation of the global FX market and the GFXD feels it is vital that the potential consequences are fully understood and that new regulation improves efficiency and reduces risk, not vice versa. The GFXD is committed to ensuring a robust, open and fair market place and shares its views in response to the consultation paper.