Faced with a looming October deadline to register as swaps dealers with the CFTC, the IIB is asking for an extension.
CFTC Commissioner Bart Chilton is expected to propose a fund that would protect up to $250,000 of futures customers’ money in the event of their broker’s collapse.
In a New York Times editorial Monday, CFTC Chairman Gary Gensler called for a new benchmark rate to replace LIBOR.
A number of U.S. stocks saw violent swings Wednesday, as trading firm Knight Capital Group acknowledged technical glitches in its market-making unit that affected the functionality of its automated trading systems.
Swaps market participants will be required to comply with all rules connected to the swap definition by October 1.
CFTC Chairman Gary Gensler announced Wednesday that the agency will seek to have direct electronic access to all bank and electronic accounts holding customer funds.
The CFTC proposed a new rule on Tuesday that would require central clearing within a specified period after the agency designates a swap category for clearing.
The CFTC has announced that DTCC-SWIFT will provide CFTC Interim Compliant Identifiers (CICI), the first step in a process that will eventually lead to a permanent global legal identity identifier (LEI) system.
In the wake of scandals at MF Global and Peregrine Financial Group (PFG) involving the losses of large amounts of customer segregated funds, the National Futures Association (NFA) has announced that it will review the way it audits FCMs’ treatment of such funds.
As the finalization of 11 major Dodd-Frank rules approaches in October, swap dealer compliance teams are beginning to wonder how US regulators will handle missed compliance dates.