This report is the eighth progress report by the FSB on implementation of OTC derivatives reforms. Implementation of these reforms is not yet complete, but progress has continued to be made in reform areas across jurisdictions and further progress is anticipated for 2015. The extent of implementation varies across jurisdictions and across policy reform areas. The greatest progress to date has been in implementing higher capital requirements for non-centrally cleared derivatives and trade reporting requirements. Implementation in other reform areas is also proceeding, though timetables stretch well into 2015 and beyond. Measures to promote trading on exchanges or electronic trading platforms continue to take longer than those in other reform areas. As well as detail on jurisdictional progress in each commitment area, the report also discusses some practical implementation issues that have been identified.