CFTC Approves a Final Rule to Amend Uncleared Swap Margin Requirements The Commodity Futures Trading Commission (CFTC) announced today that it has approved a final rule to amend its uncleared swap margin requirements (CFTC Margin Rule) to better align with certain rules (QFC Rules) adopted by the Board of Governors of the Federal Reserve System […]
On 5th November 2018 the CFTC held a meeting to consider rules of the swap markets, which includes the De Minimis Exception and changes to the SEF regulations.
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.
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 […]
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.
On November 14th the CFTC Division of Market Oversight extended time-limited No-Action relief for Swap Execution Facilities (SEFs) from certain block trade requirements. Shortly after on November 20th, the Division issued No-Action Relief for SEF Chief Compliance Officer Annual Compliance Reports and SEF fourth Quarter Financial Reports timing requirements extension for up to 90 days. […]
US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo and European Commission (EC) Vice-President Valdis Dombrovskis announced a common approach for the mutual recognition of EU and US derivatives trading venues. The two regulatory bodies have made a joint announcement to ensure that both US and EU swap market counterparts are able to comply with […]
The Commodity Futures Trading Commission (CFTC) released a no-action letter recently, offering relief to public utilities that were having trouble finding market participants willing to work with them for hedging purposes.
The Commodity Futures Trading Commission issued a no-action letter on Friday, stating that the Commission will be extending its overseas trading rules deadline, giving overseas traders more time to comply with the CFTC’s rules.
We are reissuing this alert because, as interest rates have increased in recent months, so have calls to FINRA from investors concerned that promotions for higher-than-average CD rates are in fact pitches for high-commission investment products. […]
On Feb. 15, FIA responded to a request from the Commodity Futures Trading Commission for input on crypto-asset mechanics and markets. FIA urged the CFTC to carefully consider the lessons...FIA joined with the International Swaps and Derivatives Association and the Institute of International Finance in responding to a discussion paper issued by the Financial Stability Board on the... London, UK—FIA’s President and CEO Walt Lukken today announced his acceptance of the resignation of Simon Puleston Jones, who is leaving the organization for other business pursuits. Mr. Puleston...Washington, D.C.—Jan. 25, 2019—FIA today released summary statistics for annual trading activity in the global exchange-traded derivatives markets that showed record activity in 2018. The...Washington, DC – FIA today filed a response to the Basel Committee on Banking Supervision’s consultation on the treatment of client-cleared derivatives. The response urges the Basel Committee to...Washington, D.C. — FIA President and CEO Walt Lukken released the following statement on the retirement announcement of Senator Pat Roberts: “On behalf of FIA’s Board of Directors, members...The FIA Market Technology division completed its 15th annual continuity of business and disaster resilience test on Oct. 13, 2018. A full report on the test and its findings have been released.... (Feed generated with FetchRSS) […]
Press release "CPMI-IOSCO assessment concludes that Switzerland has generally implemented the PFMI", 30 January 2019. […]
The Committee on the Global Financial System is issuing a report on "Establishing viable capital markets", 23 January 2019. […]
Press release about Basel Committee completing review of Principles for sound liquidity risk management and supervision, 17 January 2019. […]
Press release about Governors and Heads of Supervision endorsing finalised market risk capital framework and Basel Committee work programme, 14 January 2019. […]
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BIS Press Release - The December issue of the BIS Quarterly Review - Yet more bumps on the path to norma […]
Press release about the Basel Committee consults on disclosure requirement to address leverage ratio window-dressing, 13 December 2018. […]
Press release about the Basel Committee publishing updated Basel III disclosure requirements, 11 December 2018. […]
Press release "Cyber-resilience: range of practices report issued by the Basel Committee" (4 December 2018) […]
Press release "International supervisory community meets to discuss challenges ahead for global bank supervision and regulation" (29 November 2018) […]
Press release about FSB and standard-setting bodies publish final report on effects of reforms on incentives to centrally clear over-the-counter derivatives (19 November 2018) […]
Press release about the Basel Committee publishing more details on global systemically important banks (16 November 2018) […]
The Board of Directors of the Bank for International Settlements (BIS) today announced the election of Bank of Korea Governor Juyeol Lee to the Board. […]
The Bank for International Settlements (BIS) today announced that Siddharth Tiwari has joined the BIS as Chief Representative for Asia and the Pacific. […]
Information about the fourth FSI-GPFI conference on global standard-setting bodies and innovative financial inclusion, Basel, Switzerland, 25-26 October 2018 […]
Press Release - Basel Committee calls for further progress in the implementation of Basel III standards, 26 October 2018. Release of the "Fifteenth progress report on adoption of the Basel regulatory framework". […]
Press Release - Basel Committee seeks views on the leverage ratio treatment of client cleared derivatives, 18 October 2018. […]
Press Release - Basel Committee issues final "Stress testing principles", 17 October 2018. […]
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