Chilton, who had said he would be leaving the CFTC in November, has stated that he will step down from the Commission by March 22nd.
Interestingly, with Bart Chilton leaving the CFTC soon, this will mark the first time the CFTC, originally created to monitor commodity trading and hedging within the agricultural industry, will be without a chairman or commissioner with a background in agriculture.
According to Bloomberg, President Obama has selected securities lawyer Sharon Y. Bowen to replace Bart Chilton as CFTC commissioner. The news comes on the heels of Commissioner Mark P. Wetjen being voted in by fellow commissioners to replace Chairman Gary Gensler until Obama’s nomination for Timmothy Massad is voted on by the Senate. Chilton announced […]
As the year comes to an end, so will the term for current Commodity Futures Trading Commission chairman Gary Gensler, according to Bloomberg, commissioner Mark P. Wetjen will be temporarily taking his place. Though Obama has nominated Timothy Massad to take the position, the Senate is yet to hold a hearing to vote on the […]
The Commodity Futures Trading Commission’s Scott O’Malia is hoping to see some changes to the CFTC over the next year.
Chilton says a main reason for the 2008 crash was the years of deregulation of the market that had occurred before hand, allowing institutions to make enormous and complicated trades that very few people actually understood.
Obama had brought up the idea of a second term to Gensler back in March, and though Gensler hasn’t commented on the subject, it’s been assumed that he is looking for a more prominent position.
On Tuesday, June 18th 2013, CFTC Commissioner Bart Chilton gave the keynote address in the conference Hedge Fund Industry in 2013, which was held in Chicago, Illinois. In the address, he gives some insight into the working parts behind the Commodities Futures Trading Commission, and why they see some aspects of the financial industry as […]
The Commodity Futures Trading Commission (CFTC) is reportedly “seriously” looking into whether Bitcoin may fall under its scope.
Chilton’s plan is charge a fee of $0.0006 per transaction. The commissioner feels that the fee would really help the CFTC, stating, “We could fund $300 million a year, which is what our agency needs.”
FIA formally petitioned the Commodity Futures Trading Commission (CFTC) to amend its rules to clarify the margin treatment of separate customer accounts.Washington, DC—Summary statistics released today by FIA show that trading activity in the global exchange-traded derivatives markets rose by 13.7% in 2019 to reach a record of 34.47 billion...On 8 January 2020, FIA and ISDA responded jointly to ESMA’s consultation “ MiFID II review report on position limits and position management and draft technical advice on weekly position reports...FIA’s U.S. Commodities members recently filed a response to the CFTC proposal relating to the implementation schedule for the CFTC’s uncleared margin rules. Last October, the CFTC proposed...FIA welcomes and appreciates the work of European Commission Executive Vice President Valdis Dombrovskis and his staff on their recent announcement of a one-year equivalence determination in the...NEW YORK & LONDON, December 19, 2019 – The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International...The U.S. Commodity Futures Trading Commission held an open meeting on Dec. 18 to discuss several rulemakings related to the regulation of swaps trading and the oversight of clearinghouses. The...(Feed generated with FetchRSS) […]
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential case for central bank digital currency (CBDC) in their home jurisdictions. (Press release, 21 January 2020) […]
The BIS Board of Directors has decided to invite the central banks of Kuwait, Morocco and Vietnam to become members of the BIS. This is the first such expansion since 2011 and will take the number of members to 63. […]
One of the best ways you can protect your investment portfolio is to monitor your holdings and activity. You should make it a habit to review online or paper account statements and trade confirmations on a regular basis. You should review your statement as soon as you receive it to confirm it correctly reflects your investment decisions and any actions you made or authorized during the time the statement covers. […]
Press release about the Basel Committee launching the consolidated Basel Framework, 16 December 2019. […]
Press release: Basel Committee invites comments on the design of a prudential treatment for crypto-assets, 12 December 2019. […]
Press release: CPMI report sets out considerations for developers of wholesale digital tokens, 12 December 2019 […]
Press release: CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency, 10 December 2019 […]
BIS Press Release - Easing trade tensions lift sentiment: BIS Quarterly Review, 8 December 2019 […]
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Press release about the Basel Committee publishing consultation paper on revisions to the credit valuation adjustment risk framework, 28 November 2019. […]
Press release about the Basel Committee issuing guiding principles for the operationalisation of a sectoral countercyclical capital buffer, 27 November 2019. […]
Press release about the Basel Committee publishing more details on global systemically important banks (22 November 2019) […]
Press release about the Basel Committee issuing a Report on open banking and application programming interfaces, 19 November 2019. […]
Press release about the Basel Committee consulting on Pillar 3 disclosure templates related to banks' market risk and sovereign exposures, 14 November 2019. […]
The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. […]
Appointments made to lead BIS central bank groups, 11 November 2019. […]
Benoît Cœuré has been appointed to head BIS Innovation Hub, 11 November 2019. […]
Press release about the Basel Committee consulting on guidelines on cooperation between the prudential and AML/CFT supervision, 8 November 2019. […]
Press release about Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework, 7 November 2019. […]
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