Foreign margin requirements for OTC derivatives
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.
- Consultation document: A New Zealand Response to Foreign Margin Requirements for OTC Derivatives (PDF 756KB)
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.