Divergent nexus rules threaten reporting chaos in Asia

Australia reporting rules differ from those in Hong Kong, Singapore

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Asian jurisdictions are accustomed to playing second fiddle to their more established derivatives counterparts in Europe and the US. This has been especially noticeable in post-crisis reforms with the phrase "we are taking a wait-and-see approach" becoming predictably familiar among some regional regulators. However, in a rare move Asia is taking the lead in determining how so-called nexus trades should be reported.

"The nexus issue is unique to Asia," says a compliance source at a global bank i

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