Submissions on Assessing Sufficient Equivalence
The Financial Stability Standard for Central Counterparties was varied in February 2009 to establish a framework for regulation of overseas central counterparties that are subject to a sufficiently equivalent regulatory regime. In its media release of 20 May 2009, the Reserve Bank sought the views of interested parties on its proposed approach to assessing the sufficient equivalence of an overseas regulatory regime. The following submissions have been received.