MSRB’s plans for Data dissemination has Dealer Groups nervous
MSRB’s plans for Data dissemination has Dealer Groups nervousAccording to The Bond Buyer, several dealer groups have spoken to the Municipal Securities Rulemaking Board (MSRB) over data dissemination,...
View ArticleBanks and Regulators Call on ISDA to Alter Derivatives Market Operations
Banks and Regulators Call on ISDA to Alter Derivatives Market OperationsAccording to Reuters, U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg and Bank of England Governor Mark...
View ArticleCFTC Chairman refuses to budge on Cross Border SEF Regulation
CFTC Chairman refuses to budge on Cross Border SEF RegulationAccording to IFR, CFTC Chairman Gary Gensler reiterated his stance on cross border SEF regulation during a keynote address at the Futures...
View ArticleUS Options Exchange Leaders Close to Reaching Erroneous Trade Rule Agreement
US Options Exchange Leaders Close to Reaching Erroneous Trade Rule AgreementAccording to The Wall Street Journal, US Options Exchange leaders have stated that they are close to instituting universal...
View ArticleEU’s Antitrust Probe Delayed Due to Banks’ Request for Business Secrets
EU’s Antitrust Probe Delayed Due to Banks’ Request for Business SecretsAccording to Bloomberg, the EU’s antitrust probe will see delays now that the banks involved with the case have successfully...
View ArticleWhite House Announces Nominee for CFTC Chairman
White House Announces Nominee for CFTC ChairmanAccording to the Financial Times, the White House plans to nominate Timothy Massad for chairman of the Commodity Futures Trading Commission (CFTC)....
View ArticleSEF registration rule to slow multi-dealer trading.
SEF registration rule to slow multi-dealer trading.According to Traders Magazine, SEF registration rules may hinder movement towards multi-dealer platforms by forex traders. The SEF registration rule,...
View ArticleCFTC Chairman Nominee Timothy Massad Met With Skepticism by Senate
CFTC Chairman Nominee Timothy Massad Met With Skepticism by SenateAccording to Bloomberg, President Obama’s nominee for the next chairman to the Commodity Futures Trading Commission is being met with...
View ArticleTreasury Bond Rule will be Costly for Clearinghouses
Treasury Bond Rule will be Costly for ClearinghousesAccording to Businessweek, the Commodity Futures Trading Commission will be voting today on a new rule that will result in Treasury collateral being...
View ArticleVolcker Rule May See Possible Delay to Start Date
Volcker Rule May See Possible Delay to Start DateAccording to CNBC, the Federal Reserve may delay the Volcker rule’s start date, giving banks more time to comply. The news should come as a relief to...
View ArticleCFTC Struggling to Utilize Current Swap Market Data
After a year of swap data reporting, the Commodity Futures Trading Commission (CFTC) is yet to be able to make any sort of headway on the swap market data it has been collecting, leaving the nearly...
View ArticleCFTC Public Utilities No-Action Letter Is Welcome Relief
The Commodity Futures Trading Commission (CFTC) released a no-action letter recently, offering relief to public utilities that were having trouble finding market participants willing to work with them...
View ArticleTeraExchange Announces First Bitcoin Derivative
TeraExchange has recently announced that it has created a swap involving the average exchange rate of bitcoin and plans to list it on its Swap Execution Facility. This bitcoin derivative was created on...
View ArticleCFTC Announces First Whistleblower Award
The CFTC announced last week its first award under the whistleblower award program initiated pursuant to the Dodd-Frank Act. Under the program, eligible whistleblowers are entitled to a financial award...
View ArticleSenate Confirms Three New CFTC Commissioners
The US Senate Monday voted to approve the nomination of three new commissioners to the CFTC, including Timothy Massad, who will replace Gary Gensler as CFTC chairman. Mr. Massad had served from 2011 to...
View ArticleCongresswoman Urges Review of Bank Guarantees of Offshore Affiliates
Maxine Waters, ranking member of the House Financial Services Committee, urged the CFTC this week to begin investigating the offshore actions of Wall Street banks in avoiding certain mandates set forth...
View ArticleCFTC Delays Enforcement of Reporting for Cleared Swaps
The CFTC’s Division of Market Oversight this week granted no-action relief from certain requirements applicable to swap dealers and major swap participants regarding the reporting of swap transactions...
View ArticleO’Malia Urges Regulators to “Do No Harm”
In a keynote address last week at the Federal Reserve Bank of New York, CFTC Commissioner Scott O’Malia issued a stern warning to financial regulators in the United States and abroad that market...
View ArticleMassad Says CFTC Hampered by Budget Constraints
Recently appointed CFTC Chairman Tim Massad announced last week that there were “a lot of things” he would like to do to continue the CFTC’s goal of regulating financial markets, but that he is held...
View ArticleFIA Sets Forth Five Core Principles in Enhancing CFTC Market Surveillance
In a response to a request by the CFTC’s Technology Advisory Committee for comment on how best to develop a 21st century surveillance system, the Financial Industry Association (FIA) and the FIA...
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