The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission have released a “Memorandum of Understanding” (MOU) detailing their agreement to share market data between one another.
It was hoped that the swaps market reform would help promote trading between these two groups. But, even without this, the market will at least be more transparent.
Platform operators seem to think that this new CFTC EC SEF agreement may not do much at all to keep liquidity between Europe and US markets.
Under the European Parliament Economic and Monetary Affairs Committee’s revised European benchmark legislation, EU based institutions will be forbidden from holding any products linked to unauthorized benchmarks.
This Tuesday (February 18th) marked the first day that trades had to be executed through SEFs in the US. And it seems that traders aren’t quite ready to jump on board.
After a meeting this morning, it seems the transaction tax plan, which failed to gain widespread acceptance at first, has received backing from 11 euro zone countries– though this acceptance could perhaps be seen as begrudging in some cases.
The CFTC and the EU have agreed to allow US firms to trade over European platforms, rather than forcing them to be traded through US swap execution facilities, or SEFs.
Without the no-action letter, any traders participating in package swap trading would have to report any package swap that includes swaps subject to the made-available-to-trade (MAT) ruling to SEFs by February 15th.
The EU is set to implement new European derivatives rules this Wednesday in an attempt to begin bringing more transparency to the $700 trillion dollar market that has been blamed for being a major factor in the 2008 financial crisis.
FinanceFeeds - FINRA says Interactive Brokers did not timely close-out more than 2,300 fails-to-deliver. The post FINRA imposes $5.5m fine on Interactive Brokers for violations of short-selling regulation appeared first on FinanceFeeds. […]
FinanceFeeds - On appointment Sally-Ann Hibberd will join IG's Board Audit Committee and Remuneration Committee, whereas Jonathan Moulds will join IG's Board Risk Committee and Board Remuneration Committee. The post IG Group to appoint Sally-Ann Hibberd and Jonathan Moulds as Non-Executive Directors appeared first on FinanceFeeds. […]
FinanceFeeds - The number of prosecutions concerning unauthorised access to computer material, fell 18% year on year to 47 in 2017, according to RPC. The post Cyber crime gathers pace, whereas number of UK hacking prosecutions declines – RPC data show appeared first on FinanceFeeds. […]
FinanceFeeds - Shareville, Nordnet's social network which allows the bank's clients to get inspiration from successful investors, now has 200,000 members. The post Can social network for savings & investment be successful? Nordnet says “yes” appeared first on FinanceFeeds. […]
FinanceFeeds - There is an issue affecting some Visa card transactions and some payments in NetBank and CommBank apps. The post CBA clients have rough start of the week due to problematic online transactions appeared first on FinanceFeeds. […]
FinanceFeeds - Major banks, like JPMorgan and Citi, argue that foreign exchange transactions involving credit, debit, and ATM card transactions should be excluded from a Forex benchmark rate fixing case. The post Top banks want Court to accept their definition of “foreign currency retail transactions” appeared first on FinanceFeeds. […]
FinanceFeeds - Canada's OBSI says banks involved are not at fault for the failure of chargebacks requested by binary options fraud victims because the banks followed the normal chargeback policies and procedures. The post Canada’s Financial Ombudsman warns binary options present systemic risk as chargebacks fail appeared first on FinanceFeeds. […]
FinanceFeeds - Revenue share rip-off, Bob Dylan and London's eclectic musical history, CEO earnings and fusion cuisine, the cheap way to travel, and do you live in a Tipi or an apartment? The post “Mind The Gap!” – The life and times of a man on the move Episode 8 appeared first on FinanceFeeds. […]
FinanceFeeds - Gavin Campbell Black and Matthew Connolly anticipate experts to testify that Deutsche Bank's LIBOR submissions were reasonable. The post Ex-Deutsche Bank traders seek help from experts in LIBOR manipulation case appeared first on FinanceFeeds. […]
FinanceFeeds - Sberbank’s service that helps remotely control permissions to carry out transactions using corporate client accounts is the first service to pass the pilot in Bank of Russia's regulatory sandbox. The post Sberbank’s solution first to get approval of Bank of Russia’s regulatory sandbox appeared first on FinanceFeeds. […]
CPMI Press Release "Call for comments on governance of OTC derivatives data", 16 August 2018. […]
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. […]
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. […]
(RSS generated with FetchRss) […]
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. […]