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 Federal Reserve announced that they will be reviewing their rulings regarding Banks trading commodities after receiving complaints.
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.
On Monday, the Basel Committee released a discussion paper dealing with the simplicity of the regulatory systems, leading some to take it as a sign that the committee may advocate simpler regulations in the future.
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.
Press Release - Basel Committee reports on Basel III implementation progress, 16 October 2019. Release of the "Seventeenth progress report on adoption of the Basel regulatory framework". […]
Report sets out governance of key OTC derivatives data elements, 9 October 2019. […]
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) have today signed an operational agreement on the BIS Innovation Hub Centre in Switzerland. […]
The Committee on the Global Financial System (CGFS) and the Markets Committee have published two major reports on the implementation and implications of unconventional monetary policy tools (UMPTs) introduced by central banks in response to the financial crisis and its aftermath. […]
FINRA cautions investors who are considering binary options to be alert to potentially fraudulent schemes, and particularly wary of non-U.S. companies that offer binary options trading platforms. […]
Press Release - Basel III monitoring results based on end-2018 data published by the Basel Committee, 2 October 2019. […]
FIA welcomed more than 100 attendees from across the derivatives industry to its forum in Frankfurt on 24 September , where the impact of post-crisis reforms, new rules in Europe and international...Washington, D.C.—FIA today announced that 20 companies have been chosen to exhibit in the FIA Innovators Pavilion at the 35th Annual Futures and Options Expo , which will take place in Chicago on...(as prepared) Guten Morgen and welcome to FIA’s Frankfurt Forum . This city is the perfect gathering place for our industry, given its unique position in global finance. To begin...FIA submitted a letter to the SEC that raises concerns about the Options Clearing Corporation’s (OCC) proposed new capital management plan. In the letter, FIA raised issues about the lack of a...FIA’s Financial Management Committee submitted a petition for more flexibility for FCMs to invest customer funds in safe and liquid financial instruments under applicable CFTC rules. Specifically...FIA responded to both the CFTC and the SEC on ICE Clear Credit’s proposed rule amendments to allocate non-default losses for investment losses and custodial losses to clearing members.FIA and ISDA sent a joint comment letter today in response to the CFTC’s call to enhance the rules governing various aspects of the Core Principles applicable to derivatives clearing organizations...(Feed generated with FetchRSS) […]
October 1-7, 2019 is World Investor Week, a global campaign to raise awareness about the importance of investor education and protection. U.S. securities regulators offer these key messages for Main Street investors. […]
The Bank for International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) have today signed an Operational Agreement on the BIS Innovation Hub Centre in Hong Kong SAR. […]
BIS Press Release - The September 2019 issue of the BIS Quarterly Review - Markets swing on trade and monetary policy […]
The Board of Directors of the Bank for International Settlements (BIS) has appointed Ravi Menon as Chair of the BIS Asian Consultative Council (ACC) from 26 September 2019. Mr Menon is Managing Director of the Monetary Authority of Singapore. The term of appointment for the ACC Chairman is two years. (Press release, 18 September 2019) […]
The Bank for International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) have today signed an Operational Agreement on the BIS Innovation Hub Centre in Hong Kong SAR. […]
Press Release - Senior officials from public authorities meet on stablecoins, Basel, 16 September 2019. […]
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Financial fraud routinely follows on the heels of disaster. Hurricanes and their aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of major hurricanes. […]
FINRA updated and is reissuing our 529 saving savings plan investor alert to highlight Jobs Act changes, and to remind investors to closely consider both their state of residency and the applicable fees—including fees associated with share classes—when making 529 investment decisions. […]
Press Release - Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives, 23 July 2019. […]
As an investor, you may have read about "Class A," "Class B," Class C", or other classes of mutual fund shares. If you are thinking about choosing one of these classes, it is important for you to understand the differences between them. FINRA regulates broker/dealers and their registered representatives, and we provide investors with information about securities products and services. […]
The Bank for International Settlements (BIS) today announced the appointment of Alexandre Tombini as Chief Representative for the Americas. […]
Press release about Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework, 4 July 2019. […]
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