The CFTC’s Division of Swap Dealer and Intermediary Oversight responded to a letter from the Futures Industry Association (FIA) requesting guidance for Commodity Trading Advisor (CTAs) registration requirements. The Division stated in a staff letter that commodity trading advice conducted “solely incidental” to a profession, or “solely in connection with” business is not subject to […]
The CFTC released a statement of three regulated US Exchanges, CME, CFE, and Cantor self-certified new contract for Bitcoin futures and products. On Friday December 1st, the CFTC announced that the world’s largest futures exchange, the Chicago Mercantile Exchange (CME) completed self-certification with the Commission to launch Bitcoin futures contract on December 18. Futures contracts […]
According to Bloomberg, the EU’s antitrust probe will see delays now that the banks involved with the case have successfully fought for the ability to see the confidential information the Commission has gathered on the banks. The information is vital to fighting the antitrust complaint that was filed by the EU back in July. This […]
Also in his testimony, Gensler cited the recent progress made with cross-border swaps regulation in addition to registration of securities as positive steps forward in the CFTC’s aim to create transparency in the futures industry.
The impacts of the Commodities Futures Trading Commission’s (CFTC) response to cross-border swaps are yet unknown. With a 75 day period of guidance in addition implementation of the final ruling, this unprecedented move by the CFTC may deeply impact the derivatives market.
The European Commission and the CFTC have many advantages of developing cross-border regulations together. In light of this demonstration of international cooperation, some have hopes that the G20 promise to promote transparency in over-the-counter derivatives trading will become more of a focal point in regulation.
Gary Gensler, Chairman of the CFTC, told members of the Senate Appropriations committee that the CFTC would let the extension expire and continue reformation. He also mentioned that swap participants, including big banks, would comply with the regulations. An exemption from cross-border swap regulation is set to expire on June 12th, meaning firms participating in swaps would have to finalize compliance by that date.
Today, the CFTC announced today that swap dealers, major swap participants, and private funds active in the swaps market, are required to begin clearing certain index credit default swaps (CDS) and interest rate swaps that they entered into on, or after March 11, 2013.
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. […]
FinanceFeeds - The Order Flow Depth Map now has a real-time display that graphs the current market depth for an easy visualization of where the highest resting volume is. The post Latest version of NinjaTrader platform adds more features to “Order Flow +” items 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. […]