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.
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. […]