Dodd-Frank Collateral Requirements Loosened for Traders

Bloomberg has reported that the strict requirements of collateral for credit-default swaps has been relaxed, signaling a win for clients who possess “portfolio accounts that hold credit swaps tied to single securities as well as indexes.” In March, the Securities and Exchange Commission mandated that...

Investor Groups Support Dodd-Frank Act Regarding Mineral Laws

More than 50 investor groups released a statement expressing their disagreement with the lawsuit filed against the Securities and Exchange Commission (SEC) by the U.S. Chamber of Commerce, the National Association of Manufacturers, and the Business Roundtable.  The lawsuit is in regards to the section of...

CFTC Asked to Delay Expiration of Swaps Rules Exemption

The E.U. has asked for a delay in the enforcement of new swaps rules set to take effect on July 12, when the exemptions for overseas banks of the Dodd-Frank Act expire. In a report by Bloomberg.com, the European Commission addressed Gary Gensler, the head of the U.S. Commodity Futures Trading Commission. The...

SEC and CFTC Heads Don’t See Eye to Eye

Chairman of the CFTC, Gary Gensler’s final guidance proposal would call for an expansion of the CFTC’s power to regulate foreign branches of U.S. based banks and in certain situations, foreign banks as well. This proposed expansion pertains to the U.S. swaps market; if one party happens to be an...

SEF Rules Approval Leads to Early December Projection for Transacting all Standardized Swaps on SEFs

With the CFTC’s approval of the SEF rules last Thursday, swap users and would-be SEFs are targeting early December as the time when all swap users will be transacting standardized swaps on SEFs. According to Reuters, the exact date is still a moving target until the CFTC publishes the rules in the...

CFTC Approves SEF Rules and Swaps Block Rule

On Thursday the CFTC approved the Swaps Block Rule, the Made Available to Trade Rule, the SEF rules, and the Interpretive Guidance and Policy Statement on Disruptive Practices. The Swaps Block Rule and the Made Available to trade rule were passed 3-2, the SEF rules were passed 4-1 and the Interpretive...

CFTC Approves Trade Execution Rules

At 10:00 a.m. on Thursday, the CFTC held an open meeting to consider trade execution rules and interpretive guidance regarding anti-disruptive trading practices authority. The final rules being that were voted on included: Procedures to Establish Appropriate Minimum Block Sizes for Large Notional...

CFTC May Make Changes to Proposed Dodd-Frank Rule Regarding FCMs

The Commodity Futures Trading Commission (CFTC) is considering making adjustments to the Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations proposed rule. According to CNBC, it is still unclear what changes the CFTC will...

CFTC Considering Lower Price Quote Requirement for Dodd-Frank Swap Rule

The Commodity Futures Trading Commission (CFTC) is reportedly contemplating lowering the number of price quotes a buyer is required to request before trading swaps. According to Bloomberg News, three people briefed on the matter, who requested anonymity because the rule is still under consideration,...

CFTC Provides Foreign Exchange Prime Brokers Relief

The Commodity Futures Trading Commission (CFTC) gave last-minute relief to Foreign Exchange prime brokers after listening to complaints that the market could be threatened by new business conduct rules. According to Risk.net, the CFTC exempted the prime brokers from certain external business conduct rules...
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