CFTC Commissioner O’Malia pleased with SEF performance, but sees room for improvement

According to the Wall Street Journal, Commodity Futures Trading Commission’s Scott O’Malia seems content with how the swap execution facilities have been operating since they were instituted. As a means to make the derivative market more transparent due to its role in the financial crisis of 2008, the...

Swaps Trade Transitioning Smoothly, Despite Government Shut Down

With the exception of a few delays instituted within the past week, the deadline put in place by the Commodity Futures Trading Commission for swaps traders to comply with new regulations has come, and the transition is well underway. As of today, almost all swaps trades are being handled through Swap...

CFTC allows for a few delays in swap trade initiatives

According to Reuters, the Commodity Futures Trading Commission (CFTC), who has by and large refused to budge on its October 2nd deadline for SEF’s to implement its new rules, will allow for a delay in a few of its initiatives. In an effort to increase transparency and minimize the risk associated with the...

Regulatory Adjustment to New CFTC Ruling on Cross-Border Swaps

The impacts of the Commodities Futures Trading Commission’s (CFTC) response to cross-border swaps are yet unknown. With a 75 day period of guidance in addition to the implementation of the final ruling, this unprecedented move by the CFTC may deeply impact the market. On Friday, July 12th, the CFTC...

CFTC and European Commission Reach Concordance on Derivatives

The tenuous issue of cross-border derivatives regulation between the United States and the European Union may be over soon, according to a press release from the CFTC today. Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), and European Commission representative Michel Berneir...

Evaluation By EU of U.S. Credit Swap Rules Delayed

The European Commission has given regulators at the European Securities and Markets Authority more time to analyze United States and Japanese credit swaps. The original deadline for their analysis was June 15th, but ESMA has been given an extension until September 1st to formulate an opinion on third party...

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 to Vote on Dodd-Frank SEF Rules

The Commodity Futures Trading Commission (CFTC) will vote next week on the Swap Execution Facilities (SEF) rules overseeing derivatives under the Dodd-Frank Wall Street Reform Act. On May 9th, the CFTC issued a notice saying a formal vote will take place on May 16th to finalize the SEF rules that were...
Page 1 of 41234