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 - The firms checked by the regulator have overall improved their practices of testing the knowledge of their clients about financial products. The post France’s AMF checks how investment firms assess client knowledge appeared first on FinanceFeeds. […]
Chicago, IL – FIA President and CEO Walt Lukken today made the following statement regarding the Basel Committee on Banking Supervision’s announcement of a consultation on the leverage ratio...When it comes to gender diversity in the futures and derivatives industry, perception is reality. That was the key takeaway at a special panel discussion at FIA's Futures & Options...Chicago, IL – FIA President and CEO Walt Lukken today made opening remarks at the 34th annual FIA Expo. Mr. Lukken’s remarks, as prepared for delivery, follows: Welcome everyone to the...FIA today recognized and remembered the life of Futures Hall of Fame member John J. Conheeney who passed away this week. John was a 40-year veteran of the futures industry, serving as a longtime...FIA submitted comments on 5 October to the Bank of England, Prudential Regulation Authority and Financial Conduct Authority on their discussion paper about building the UK financial systems...Washington, DC – FIA President and CEO Walt Lukken today made the following statement on the Cross-Border White Paper released today by CFTC Chairman Giancarlo: “I applaud CFTC Chairman...To help U.S. futures commission merchants comply with new disclosure requirements related to the trading of bitcoin and other virtual currencies, the FIA Law and Compliance Division has issued an... (RSS generated with FetchRss) […]
FinanceFeeds - Defendants' counsel says the testimony of the Government's star witness Matthew Gardiner is highly prejudicial. The post “FX Cartel” traders request declaration of mistrial due to prejudicial testimony appeared first on FinanceFeeds. […]
Press Release - Basel Committee seeks views on the leverage ratio treatment of client cleared derivatives, 18 October 2018. […]
FinanceFeeds - A new webpage on the SFC website aims to encourage the public to submit information about “persons of interest” and people subject to arrest warrants. The post Most Wanted: Hong Kong’s SFC seeks information from the public about “persons of interest” appeared first on FinanceFeeds. […]
FinanceFeeds - About 300 people, mainly employees from Blue Lab and Fujitsu, will use Personetics Engage from a customer's point of view. The post Fujitsu partners with Personetics and Blue Lab to test AI-based personalized banking service appeared first on FinanceFeeds. […]
FinanceFeeds - The regulatory decision follows the temporary suspension of the firm's AFS license in April this year. The post Australian regulator cancels AFS license of Direct FX appeared first on FinanceFeeds. […]
FinanceFeeds - Matthew Connolly and Gavin Campbell Black have been convicted of conspiracy and wire fraud in a LIBOR-rigging case. The post Jury convicts ex-Deutsche Bank traders of LIBOR manipulation appeared first on FinanceFeeds. […]
FinanceFeeds - The effective date of the transaction is October 15, 2018. The post IIROC approves CVC acquisition of OANDA (Canada) Corporation appeared first on FinanceFeeds. […]
FinanceFeeds - The plaintiffs in a case against the ex-CEO of the ill-fated Bitcoin exchange say he is not protected from prosecution under the fiduciary shield doctrine. The post Former MtGox clients object to Mark Karpeles’ arguments in US case appeared first on FinanceFeeds. […]
Press Release - Basel Committee issues final "Stress testing principles", 17 October 2018. […]
FinanceFeeds - The potential for immutability, security and speed offered by a private DLT are attractive, the UK financial regulator says. The post FCA recognizes importance of APIs and DLT for digital regulatory reporting appeared first on FinanceFeeds. […]
FinanceFeeds - The Honorable Sara L. Ellis of the Illinois Northern District Court granted Jiongsheng Zhao's motion for extension of time to answer or otherwise plead. The post Australian trader accused of spoofing secures more time to reply to CFTC complaint appeared first on FinanceFeeds. […]
Press Release - Basel III monitoring results published by the Basel Committee, 4 October 2018. […]
Press release about CPMI the release of the new Red Book payments statistics in a user-friendly format, 27 September 2018. […]
Press Release - the Basel Committee on Banking Supervision assesses Saudi Arabia's implementation of the NSFR regulation and the large exposures framework, 27 September 2018. […]
BIS Press Release - The September issue of the BIS Quarterly Review - Divergences widen in markets […]
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Press Release - the Basel Committee on Banking Supervision is issuing frequently asked questions on the liquidity risk treatment of settled-to-market derivatives, 20 September 2018. […]
Press Release - the Basel Committee on Banking Supervision is finalising stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation, 20 September 2018. […]