New Margin Rules for Swaps in 2013
Posted byFelix Shipkevich on Oct 2, 2012 in Basel Committee, CFTC, Dodd-Frank, Featured, IOSCO, New Rules, Regulators, Restricted, Social Media | 0 comments
CFTC Chairman Gary Gensler said on Monday that new rules mandating the margin needed to back uncleared swap trades will be announced early next year. The announcement comes only a day after a U.S. District Court struck down the CFTC’s rule on position limits. “I would anticipate that the CFTC, in...Two-Minute Warning: CFTC Announces New Rule
Posted byElan Mendel on Sep 25, 2012 in CFTC, Featured, IOSCO, Major Swap Participant, New Rules, Registration, Restricted, Social Media, Swap Dealer | 0 comments
The CFTC will set a two-minute time limit for swap dealers to accept or reject trades. The new time limit goes into effect on Oct. 1. Then, 90 days after the rules are published, the limit will be tightened to one minute. The new rule comes from an email sent by Ananda Radhakrishnan, CFTC’s director of the...Save LIBOR? CFTC’s Gensler Addresses Euro Parliament
Posted byFelix Shipkevich on Sep 24, 2012 in CFTC, Featured, IOSCO, Regulators, Restricted, Social Media | 0 comments
Speaking in front of European Parliament on Monday, CFTC chairman Gary Gensler addressed the issue of whether LIBOR will survive its recent setbacks. Gensler, appearing via video feed, was unable to travel to overseas due to four broken ribs and punctured lung from a recent fall. He compared his own injuries...IOSCO to Consider LIBOR Reform
