Financial Stability Board, Basel Committee, and standard-setting bodies consult on effects of reforms on incentives to centrally clear over-the-counter derivatives
The National Futures Association has sent a rule submission letter to the CFTC regarding new disclosure obligations for FCMs, IBs, CPOs, CTAs, and Pools and Managed Account Programs engaging in virtual currency derivatives and virtual currency transactions as well as other activities in underlying or spot virtual currencies would require the new disclosure.
This customer advisory emphasizes the need for conducting extensive research to determine your rights, what could affect the future value of digital coins or token, and steps you can take to avoid fraud or other problems. Many Initial Coin Offerings End in Fraud or Failure.
14 U.S Banks Get Dodd-Frank Extension from Federal Reserve and FDIC The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they have extended the next resolution plan filing deadline for 14 domestic firms by one year to December 31, 2019, to allow additional time for the agencies to […]
CFTC and SEC Update 2008 Swaps MOU for Cohesion and Efficiency Latest press release from the CFTC and the SEC shows how far the two regulatory agencies have come to a cohesive approach to market regulation where their respective jurisdictions might overlap. This updated Memorandum of Understanding promises cooperation between the two regulators for efficiency. […]
NFA takes emergency enforcement action against Chicago, Ill. commodity pool operator and commodity trading advisor Golden Point Capital Management LLC and its sole principal Glenn Graham
Today the National Futures Association issued a press release announcing that its board approved the formation of a Swaps Proficiency Requirements Advisory Committee which will oversee the development of a Swaps Proficiency program for individuals to be tested on, according to the Commodity Exchange Act’s training standards. The exam would test Associated Persons on market […]
NFA Fines XFA Introducing Broker $100,000 For Compliance Violations Today the National Futures Association announced it ordered X-Change Financial Access, LLC. (XFA) Introducing Broker based in Chicago a $100,000 penalty for lack of “adequate supervisory procedures” to monitor and prevent violations of NFA Member Responsibility Action (MRA). Full Press Release below, “The Decision, issued by NFA’s […]
CFTC No Action from Including International Swaps for Global Development CFTC Reduces Marketplace Barriers for Global Development Initiatives May 16, 2018 Washington, DC — The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today granted relief to non-US counterparties who enter into swaps with International Financial Institutions (IFIs), such as development banks. […]
Last week the NFA sent a notice regarding the Department of Treasury’s Office of Foreign Assets Control (OFAC) as it applies to Virtual Currency such as Bitcoin. The NFA urges its Futures Commission Merchants (FCM) and Introducing Brokers (IB’s) to review the OFAC FAQ for cryptocurrency transactions compliance with their Anti-Money Laundering program.
FinanceFeeds - Ping An’s Smart City “1+N” platform is based on four core technologies: intelligent cognition, AI, blockchain and cloud technology. The post Ping An Insurance to unveil new “1+N” platform based on blockchain and AI technologies appeared first on FinanceFeeds. […]
FinanceFeeds - The FSB invites comments from financial institutions, industry and consumer associations, as well as other stakeholders on implementation of the LEI. The post Financial Stability Board seeks feedback on LEI implementation appeared first on FinanceFeeds. […]
CPMI Press Release "Call for comments on governance of OTC derivatives data", 16 August 2018. […]
FinanceFeeds - The leveraged foreign exchange and other trading income of KVB Kunlun increased by 47.8% to HK$233.5 million in the six months ended June 30, 2018. The post Retail Forex broker KVB Kunlun registers sharp rise in profits in H1 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - The latest Mobile Banking App release integrates BBVA Compass Financial Tools. The post BBVA Compass Mobile Banking App introduces budgeting, spend tracking tools appeared first on FinanceFeeds. […]
FinanceFeeds - There were 1,602 enquiries registered in the quarter to end-June, compared to 3,559 in the preceding quarter. The post Japan’s FSA marks steep drop in enquiries about virtual currencies in Q2 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - Dwayne Hans’ membership has been revoked and he is banned from trading on Nadex in any capacity. The post Nadex bans member from trading as he fails to disclose felony plea agreement appeared first on FinanceFeeds. […]
FinanceFeeds - Leonel Alexis Valerio Santana receives 63-month prison sentence over defrauding victims of binary options brokers by falsely promising them funds recovery and legal assistance. The post SEC impostor claiming to offer binary options recovery services gets prison sentence appeared first on FinanceFeeds. […]
FINRA is issuing this alert to inform investors that investments in digital assets, such as ICO tokens and cryptocurrencies, can involve significant uncertainty, as well as risks that are different from more conventional assets like stocks or bonds. […]
FinanceFeeds - Analysis of a UK data sample indicates that there is a case for exempting smaller FCs from clearing without compromising the objectives of EMIR. The post UK research on EMIR shows there is case for exempting smaller FCs from clearing obligations appeared first on FinanceFeeds. […]
FinanceFeeds - The High Court appointed administrators in respect of Premier FX Limited on August 13, 2018, the FCA confirms. The post FCA provides info to customers of Premier FX Limited appeared first on FinanceFeeds. […]
FinanceFeeds - Scamwatch received reports about $1.06 million being lost to investment scams in the week to August 12, 2018. The post Australians lose more than $1m due to investment fraud in the second week of August appeared first on FinanceFeeds. […]
Washington, DC – FIA and the FIA Principal Traders Group (together, FIA) today urged the Commodity Futures Trading Commission (CFTC) to retain the current $8 billion de minimis threshold for swap...London—6 August 2018 — FIA today announced the publishing of a fully updated and comprehensive set of industry standard contractual terms for derivatives clearing – the FIA Terms of Business 2018...On July 31, the U.S. Treasury Department released a report on financial technology and innovation. The report is the fourth and final in a series drafted in response to an executive order issued...Each year FIA organizes an Innovators Pavilion at the Futures & Options Expo in Chicago to showcase fintech startups that are offering forward-thinking solutions for the global capital markets...FIA submitted a letter to the European Commission and European Securities and Markets Authority on July 27 expressing opposition to the idea of allowing public entities to be exempt from...Washington, D.C.—July 25, 2018—FIA today released its half-year 2018 report on trading activity in the global exchange-traded derivatives market.... (RSS generated with FetchRss) […]
Press release about BCBS, CPMI, FSB, IOSCO report "Analysis of Central Clearing Interdependencies", 9 August 2018 […]
BCBS, CPMI, FSB, IOSCO press release about FSB and standard-setting bodies consulting on effects of reforms on incentives to centrally clear over-the-counter derivatives, 7 August 2018. […]
Press release about CPMI and IOSCO publishing "Implementation monitoring of the PFMI: Level 2 assessment report for Canada", 2 August 2018. […]
Fraudsters continue to impersonate FINRA executives, offering bogus investment "guarantees" to investors as part of an advance-fee scam. Read more about the lengths these fraudsters go to in creating a false sense of security. […]
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CPMI Press Release "Jurisdictions continue to make progress in implementing standards for payment, clearing and settlement", 23 July 2018. […]
Press Release - the Basel Committee on Banking Supervision is issuing a revised G-SIB framework, 5 July 2018. […]
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