The FSB, the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a consultative document on incentives to centrally clear over-the-counter (OTC) derivatives on 7 August 2018. A total of 40 responses were received, including from banks, central counterparties, asset managers and industry associations.

This note summarises the comments made in the public consultation and sets out the main changes that have been made in  report to address them.