On October 3, 2014, the Bank for International Settlements published a report on the assessment of the reforms to incentivise central clearing of OTC derivatives contracts. The assessment found that clearing members have incentives to clear centrally. Market participants clearing indirectly may not have any incentives, however, the report states that there is currently insufficient data to analyze their activities to draw any firm conclusions. The report concludes that to the extent that clearing members account for most of derivatives trading, the G20 objective for OTC derivatives reforms has been achieved.
The report is available at: http://www.bis.org/publ/othp21.pdf.