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.
FinanceFeeds - The latest virtual currency business to be sanctioned is Everybody's Bitcoin Inc. The post Japanese authorities keep issuing business improvement orders against cryptocurrency firms appeared first on FinanceFeeds. […]
FinanceFeeds - We investigate in great detail how misleading and fantasy-filled advertisement is being allowed to prevail, and document the bizarre response of the broker concerned when approached. Facebook and Google create hardship for the good guys, yet those with a track record of shapeshifting continue The post The odious advertising continues. Best in Germany? My foot – FinanceFeeds investigation appeared first on FinanceFeeds. […]
FinanceFeeds - Nordea says 70% of its customers in Sweden who started to save through Nora have not previously saved with the bank. The post Nordea’s digital savings adviser Nora shows promising results appeared first on FinanceFeeds. […]
FinanceFeeds - If academics who studied the trading behavior of stock market participants in major financial centers and the tipping behavior of several million taxicab passengers consider sunny days to create optimistic and enthusiastic spending and trading, perhaps the retail FX brokerages could be on to a very cost effective retention and volume boosting method The post If professor David Hirshleifer is right, brokerage sales teams should call their clients on sunny days appeared first on FinanceFeeds. […]
FinanceFeeds - The webtool, which was introduced to the TWS platform several months ago, becomes more precise. The post Interactive Brokers enhances 3D Volatility Surface webtool appeared first on FinanceFeeds. […]
FinanceFeeds - Whereas April 1st is well behind us, cryptocurrency fraudsters continue to celebrate “Fool's day” over and over again. The post “Stabilizing the economy of 22 countries”- Top 5 claims of cryptocurrency scammers appeared first on FinanceFeeds. […]
FinanceFeeds - Traders get to access Monex news and information via Amazon's virtual assistant and innovative voice media Voicy. The post Monex is all about audio, as broker gets cozy with Voicy and Amazon’s Alexa appeared first on FinanceFeeds. […]
FinanceFeeds - Tallinex has failed to appear or otherwise defend, and the time allowed by law for answering has expired. The post CFTC secures default order against Tallinex as broker does not reply to complaint appeared first on FinanceFeeds. […]
FinanceFeeds - "What is going to drive your urgency? In my office, there are three things that drive urgency. The first is desire. People who want to achieve something then they have a massive desire so they will keep progressing" - Nigel Green, CEO, deVere Bank The post Urgency in the trading industry. Is it impatience or a key to success? deVere Bank CEO Nigel Green debates appeared first on FinanceFeeds. […]
FinanceFeeds - Although the Russian government said it formally supports the bill, it outlined numerous problematic aspects in the document that should be corrected before the second reading. The post Russian govt criticizes cryptocurrency bill appeared first on FinanceFeeds. […]
Press release about the Basel Committee urging full, timely and consistent implementation of Basel III post-crisis reforms (23 April 2018). Today the Basel Committee on Banking Supervision (BCBS) issued the Fourteenth progress report on adoption of the Basel regulatory framework. The report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2018. It includes for the first time the finalised Basel III post-crisis reforms published by the Committee in December 2017. These recent reforms will take effect from 1 January 2022. […]
FSI press release, 16 April 2018 […]
On 3 April 2018, FIA submitted a letter (attachment below) to the Singapore Exchange in response to their proposed refinements to the SGX-DC Clearing Fund structure . The proposed amendments are...On March 20, FIA submitted a letter to the Commodity Futures Trading Commission responding to the CFTC's proposed interpretation of how its rules apply to retail trading in bitcoin and other...FIA recently published eight sets of contractual indirect clearing terms to help clearing firms document indirect clearing arrangements under MiFIR and EMIR. Developed by FIA with Clifford Chance... Washington, DC - FIA President and CEO Walt Lukken today made the following statement after the House Financial Services Committee passed H.R. 4659 to properly calibrate the capital charges...On 14 March, FIA submitted a response to the European Commission’s Fitness Check on Supervisory Reporting. The aim of this consultation is to assess whether supervisory reporting frameworks in... Chair: Nick Solinger, President, FIA Tech Speakers: Cameron Winklevoss, Co-Founder & President, Gemini Cameron Winklevoss, Co-Founder &...The launch of bitcoin futures has attracted the world’s attention in recent months. But the speed with which these products came to market has left an education gap as potential users look for... (RSS generated with FetchRss) […]
Press release about CPMI and IOSCO issuing guidance on supervisory stress testing of central counterparties (CCPs)", 10 April 2018. […]
Press release about CPMI and IOSCO issuing technical guidance on harmonisation of critical OTC derivatives data elements (other than UTI and UPI), 9 April 2018. […]
If putting all your financial information online and in one place sounds like a good idea, there are many companies—often called data aggregators—ready to help you organize your financial life. However, before you share your account information and other sensitive financial details with data aggregators, it pays to know how these services operate, and how to protect yourself from potential privacy and security risks. […]
Press release about BCBS publishing an outline of discussions at its meeting on 15-16 March 2018 in Basel and announcing it will publish summaries of each meeting in future (23 March 2018) […]
Press release about BCBS issuing "Revisions to the minimum capital requirements for market risk - consultative document" (22 March 2018) […]
Press release about new members joining the Committee on Payments and Market Infrastructures (19 March 2018) […]
Press release about announcing the "20th International Conference of Banking Supervisors to be held in the United Arab Emirates" (16 March 2018) […]
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