The world’s regulators have made little progress on post-crisis reforms in the over-the-counter (OTC) derivatives markets over the past year, the Financial Stability Board (FSB) reports.

In its latest progress report on the implementation of the G20’s reforms to OTC derivatives markets, the FSB finds that there has been “limited additional implementation of the reforms” over the past 12 months.

Of the 24 jurisdictions reviewed by the FSB, 16 have now adopted margin requirements for non-centrally cleared derivatives, just one more than last year.

Only seven countries have implemented final capital requirements for derivatives that aren’t centrally cleared. Those requirements were supposed to be adopted by 2017.

And there has been no additional progress on platform trading requirements, with just 13 jurisdictions having rules in place.

Regulators have done better at adopting trade reporting requirements: 23 of 24 jurisdictions now have comprehensive requirements in force, one more than a year ago.

However, the quality of that reporting remains an issue.

For example, the FSB notes that compliance reviews by regulators in Ontario and Quebec found a variety of challenges with trade reporting data, including firms that have insufficient internal controls, insufficient oversight of third-party providers, and firms inaccurately interpreting the reporting rules.

Additionally, regulators are grappling with emerging issues, such as the development of regulation for crypto-asset derivatives.

For instance, Canadian regulators launched a consultation earlier this year on a regulatory framework for crypto-trading platforms.

“The goal is to determine a set of tailored regulatory requirements to address the novel features and risks of such platforms,” the FSB report notes.

Separately, the FSB also issued a report Tuesday examining the progress on proposed reforms to address market fragmentation, which were identified earlier this year.

The report, which covers issues such as regulatory coordination and information-sharing, regulatory deference arrangements, and capital and liquidity requirements, outlines the current plans of both the FSB and industry standards setters in these areas.