President Barack Obama met with Wall St regulators on Monday, August 19th 2013 to discuss the progress made after the 2010 passing of the Dodd-Frank Act.
It was announced on Sunday that President Obama is planning to meet with key regulatory officials Today to discuss the advancement of Dodd-Frank.
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.
Terrence Duffy, Chairmen of the CME Group, counseled Senators against a pending CFTC ruling regarding collateral set aside by brokerages on July 17th, 2013. Duffy’s presentation before the Senate Committee on Agriculture, Nutrition and Forestry was in a hearing to evaluate the CFTC.
Christopher Ehrman was most recently an Assistant Director at the Office of Market Intelligence at the Securities and Exchange Commission, and brings with him extensive regulatory experience. As Gary Gensler said, in a CFTC press release that came out today, “Chris, who comes to us after many years of experience in the SEC’s Enforcement Division, takes on an important role at the Commission to oversee our Whistleblower program and engage with people who report misconduct in the futures and swaps markets.”
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.
After weeks of speculation, it looks like the Commodity Futures Trading Commission (CFTC) will conclude a foreign regulatory issue this Friday, July 12th. The vote will regard how domestic regulations on swaps apply to foreign firms wishing to do business with those in the United States. The regulations have become a devisive issue in the […]
The first paper improves upon the interim credit assessment suggestions that the Basel Committee made with the Current Exposure Method (CEM) and the Standardised Method. The new credit risk assessment of counterparties in derivative trading fine-tune upon the CEM and the Standardised Method by creating separate risk exposure plans for margined and unmargined trades.
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...Good Afternoon and welcome to the 43rd annual FIA Boca. Over the years, Boca has come to represent more than our industry’s break from our winter hibernation. For me, Boca embodies the...FIA today announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Fourteen directors were elected for a two-year term.On 8 March, FIA submitted feedback on the European Commission’s Proposal for a Regulation on the prudential requirements of investment firms. FIA members welcome the legislative proposals and...On 28 February, FIA and ISDA (the Associations) submitted a joint response to the European Securities Markets Authorities (ESMA) consultation paper on Draft Guidelines on Anti-Procyclicality... (RSS generated with FetchRss) […]
Press release about BCBS issuing "Revisions to the minimum capital requirements for market risk - consultative document" (22 March 2018) […]
FinanceFeeds - Frank Gregory Cedeno has pleaded not guilty as to conspiracy to commit wire fraud and conspiracy to commit money laundering. The post Binary options scam participant posing as SEC employee pleads not guilty appeared first on FinanceFeeds. […]
FinanceFeeds - The woman organized a cryptocurrency seminar and solicited RUB 31,000 from each participant. The post Not that old! 66-year old Russian woman charged with cryptocurrency fraud appeared first on FinanceFeeds. […]
FinanceFeeds - Following a business improvement order issued earlier this month by the Kanto Local Finance Bureau, GMO Coin has submitted the required report. The post GMO Coin seeks to respond to Japanese regulatory action, files business improvement report appeared first on FinanceFeeds. […]
FinanceFeeds - The CFTC has insisted that Nicholas Gelfman had waived his Fifth Amendment privilege against self-incrimination, but Judge P. Kevin Castel advocated a more moderate stance. The post NY Judge advises Bitcoin scammer to get consultation on Fifth Amendment rights appeared first on FinanceFeeds. […]
FinanceFeeds - The broker says it has made good progress with the actions being taken to mitigate the potential financial impact of the regulatory change planned by ESMA. The post Growth in client trading activity triggers rise in IG Group’s revenues in Q3 FY18 appeared first on FinanceFeeds. […]
FinanceFeeds - Brett Hartshorn, who has resorted to emotional pleas with the Court in an effort to nix the fraud case against him, lost his nerve when FXCM closed his account. The post The dark side of FX trading: CFTC discloses Forex fraudster’s emails to FXCM appeared first on FinanceFeeds. […]
FinanceFeeds - Leverate's Amram Margalit looks at the scenario from The Big Bang Theory which he considers to highlight how easy it is to lose Bitcoin, among other considerations The post The Curious Case of the Disappearing Bitcoin – Guest Editorial appeared first on FinanceFeeds. […]
FinanceFeeds - Of the 300 brokerages surveyed early this year, 81% said they did not plan to introduce a chatbot, whereas only 8% said they used one. The post Hong Kong brokers reluctant to deploy chatbots – survey shows appeared first on FinanceFeeds. […]
FinanceFeeds - Dillon Michael Dean, who is accused on several counts of fraud by the CFTC, is attempting to evade service by concealing his whereabouts. The post “He packed up and moved out” – CFTC cannot find Bitcoin, binary options fraudster appeared first on FinanceFeeds. […]
FinanceFeeds - Cryptocurrencies are treated as financial assets but not as payment means. The post Russia’s Finance Ministry files cryptocurrency bill with the Parliament appeared first on FinanceFeeds. […]
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) […]
Press release about CPMI and the Markets Committee issuing a report on "Central bank digital currencies" (12 March 2018) […]
Press release about BCBS issuing "Follow-up Basel III implementation assessment reports and Handbook for jurisdictional assessments" (12 March 2018) […]
BIS Press Release - The March issue of the BIS Quarterly Review - Volatility returns to centre stage after stock market wobb […]
FSI press release, 9 March 2018 […]
You may not be able to control if or when your company closes a plant or lays off workers—but you can take steps to manage the financial impact of those events. We have updated this Alert with the latest annual IRS contribution limits for retirement plans. […]
Joint BCBS, CPMI, FATF and FSB Press release about welcoming industry initiative facilitating correspondent banking (6 March 2018) […]