The certification means that certain swaps handled by both TrueEx and Tradeweb will now fall under the trade execution mandate, and will now have to be traded over swap execution facilities (SEFs).
According to CFTC.gov, five federal agencies have approved an interim rule that will allow banks to keep certain securities, namely collateralized debt obligations, which are backed by trust preferred securities (TruPS CDOs).
The driving force behind this reform comes from public and political complaints over the risk involved with having banks trade physical commodities like crude oil and aluminum.
According to Bloomberg, the Commodity Futures Trading Commission (CFTC) is set to push interest-rate and credit swaps onto SEFs in the near future. While the CFTC is currently reviewing the plans, they haven’t found any reason to object to them as of yet. And with the first of these new requirements being instituted on January 16th, […]
With this approval, the Singapore Exchange can now offer US traders local clearing services for products like iron ore swaps, interest rate swaps and non-deliverable foreign exchange forwards.
The decision will be made no later than January 15th, regulators say. While banks had argued for a decision to be made by the end of the year, regulators have stated that a decision by mid-January will have to suffice.
Though the rule is supposed to go into effect on the 31st, many banks have already asked for and received grace periods of up to two years to comply.
According to Lexology, a district of Massachusetts judge has ruled in favor of Richard Ellington in the Ellington v. Giacoumakis case, denying the defendant’s claim that Dodd-Frank whistleblower protections only apply to those who report violations directly to the SEC.
According to the Wall Street Journal, the Federal Deposit Insurance Corp., Federal Reserve Board, Securities and Exchange Commission, and Commodity Futures Trading Commission have all voted to approve the infamous Volcker Rule. While the vote for Volcker Rule approval was unanimous for the FDIC and the Federal Reserve, the CFTC approved it by 3-1, while […]
According to the New York Post, several of the US’s largest banks plan to sue the Commodity Futures Trading Commission (CFTC) over some of the new rules it has been implementing. The banks are looking to get many of the new rules reversed through the law suit, citing that the CFTC violated rulemaking procedures while […]
No global real estate market despite higher price synchronisation and growing role of international investors, central banks find (Press release, 18 February 2020) […]
In March 2019, FIA unveiled a board-level Diversity Committee and an initiative addressing the importance of diversity and inclusion in our industry. The committee, chaired by board member Alicia...The U.S. Commodity Futures Trading Commission advanced a proposed rulemaking on position limits in a 3-2 vote on Jan. 30. The proposal, which will be open for public comment for 90 days,...FIA formally petitioned the Commodity Futures Trading Commission (CFTC) to amend its rules to clarify the margin treatment of separate customer accounts.Washington, DC—Summary statistics released today by FIA show that trading activity in the global exchange-traded derivatives markets rose by 13.7% in 2019 to reach a record of 34.47 billion...On 8 January 2020, FIA and ISDA responded jointly to ESMA’s consultation “ MiFID II review report on position limits and position management and draft technical advice on weekly position reports...FIA’s U.S. Commodities members recently filed a response to the CFTC proposal relating to the implementation schedule for the CFTC’s uncleared margin rules. Last October, the CFTC proposed...FIA welcomes and appreciates the work of European Commission Executive Vice President Valdis Dombrovskis and his staff on their recent announcement of a one-year equivalence determination in the...(Feed generated with FetchRSS) […]
Markets Committee calls for wider adoption of global code of conduct for foreign exchange markets (Press release, 30 January 2020) […]
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential case for central bank digital currency (CBDC) in their home jurisdictions. (Press release, 21 January 2020) […]
The BIS Board of Directors has decided to invite the central banks of Kuwait, Morocco and Vietnam to become members of the BIS. This is the first such expansion since 2011 and will take the number of members to 63. […]
One of the best ways you can protect your investment portfolio is to monitor your holdings and activity. You should make it a habit to review online or paper account statements and trade confirmations on a regular basis. You should review your statement as soon as you receive it to confirm it correctly reflects your investment decisions and any actions you made or authorized during the time the statement covers. […]
Press release about the Basel Committee launching the consolidated Basel Framework, 16 December 2019. […]
Press release: Basel Committee invites comments on the design of a prudential treatment for crypto-assets, 12 December 2019. […]
Press release: CPMI report sets out considerations for developers of wholesale digital tokens, 12 December 2019 […]
Press release: CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency, 10 December 2019 […]
BIS Press Release - Easing trade tensions lift sentiment: BIS Quarterly Review, 8 December 2019 […]
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Press release about the Basel Committee publishing consultation paper on revisions to the credit valuation adjustment risk framework, 28 November 2019. […]
Press release about the Basel Committee issuing guiding principles for the operationalisation of a sectoral countercyclical capital buffer, 27 November 2019. […]
Press release about the Basel Committee publishing more details on global systemically important banks (22 November 2019) […]
Press release about the Basel Committee issuing a Report on open banking and application programming interfaces, 19 November 2019. […]
Press release about the Basel Committee consulting on Pillar 3 disclosure templates related to banks' market risk and sovereign exposures, 14 November 2019. […]
The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. […]
Appointments made to lead BIS central bank groups, 11 November 2019. […]
Benoît Cœuré has been appointed to head BIS Innovation Hub, 11 November 2019. […]
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