The first paper improves upon the interim credit assessment suggestions that the Basel Committee made with the Current Exposure Method (CEM) and the Standardised Method. The new credit risk assessment of counterparties in derivative trading fine-tune upon the CEM and the Standardised Method by creating separate risk exposure plans for margined and unmargined trades.Read More
Corzine originally joined MF Global with intent to turn the futures broker into an investment bank, and according to the CFTC release, “Corzine’s strategy called for making increasingly risky and larger investments of the firm’s money.” Apparently, Corzine had been made aware of the low cash balance of the firm, but still continued to order the payback of loans and obligations.
The No-Action relief issued to SDs and MSPs regarding reporting regulations is extended to June 30th, 2014.
The CFTC is set to decide on a rule that could embroil swaps regulation in a lawsuit between CME and DTCC.
New rules stemming from EMIR are forthcoming in Winter and Spring in the European Union. Below is a calendar outlining new regulation.
The CFTC and the SEC now have FINRA, the financial industry’s self-regulator body, helping to crack down on high-frequency trading (HFT).
The U.S. Securities and Exchange Commission (SEC) has named Geoffrey Aronow as its top attorney.
The Basel Committee announced on Sunday that it plans to defang a rule that requires banks to maintain easy-to-sell assets.
The fate of Dodd-Frank and the Volcker Rule are being reconsidered amidst further “fiscal cliff” talks and the arrival of new Congress.
The CFTC today filed and settled charges against Mizuho Securities of New York for regulatory violations.