Foreign margin requirements for OTC derivatives

Release date
October 2017

Status: The Reserve Bank is currently analysing responses.

Consultation period: Second half of 2017

13 July 2017

The Reserve Bank and the Ministry of Business, Innovation and Employment (MBIE) sought feedback from the public and stakeholders on the implications for New Zealand of foreign margin requirements for uncleared over-the-counter (OTC) derivatives. A consultation paper outlined the Reserve Bank and MBIE’s view on issues and proposed options to ensure that financial institutions continue to have access to international capital markets.

The Reserve Bank and MBIE are currently considering responses to the consultation. The Agencies will finalise policy proposals and advise on the timing of next steps in due course.

Submissions for publication

The Reserve Bank published the individual responses received as part of the consultation in October 2017, where consent to do so has been provided by respondents.