The primary objective of the Hong Kong Monetary Authority (HKMA), as Hong Kong‘s central banking institution, is to maintain the stability of the Hong Kong currency and banking system. Additionally, the HKMA is responsible for advancing the efficiency, integrity, and development of the financial system.
ESMA, the European Securities and Markets Authority, is located in Paris and is an independent EU Authority. Its mission is to enhance the functioning of securities markets in Europe, protect investors, and promote collaboration between national authorities through legislation and regulation.
The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that monitors and regulates the U.S. derivatives markets, encompassing futures, swaps, and specific types of options.
An entity known as a Derivatives Clearing Organization (DCO) allows individuals involved in an agreement, contract, or transaction to replace the credit of the parties with the credit of the DCO. Furthermore, the DCO provides multilateral settlement or netting of obligations and other services to mutualize or transfer credit risk among participants.