Americas News
The latest industry and regulatory news affecting North and South America.
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CFTC advisory committee examines impact of COVID-19 on global clearing
On 17 December, the Commodity Futures Trading Commission hosted a meeting of its Global Markets Advisory Committee to review the COVID-19 pandemic’s impact on derivatives clearing and to discuss regulatory developments in 2020 related to markets.
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FIA urges market role in addressing climate change
FIA President and CEO Walt Lukken made the following statement following FIA’s participation in a public consultation led by the Taskforce on Scaling Voluntary Carbon Markets (TSVCM).
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FIA comments on SEC’s proposed order permitting portfolio margining of cleared swaps and security-based swaps
FIA filed comments supporting the Securities and Exchange Commission’s proposed order granting conditional exemptions for the portfolio margining of cleared swaps and security-based swaps that are credit default swaps (CDS).
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FIA PTG supports Nasdaq BX proposal to reduce number of option strikes listed for trading
In a letter submitted to the SEC today, the FIA Principal Traders Group (FIA PTG) encouraged the Commission to approve Nasdaq BX's proposal to limit the number of option strikes listed for trading on the exchange.
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CFTC finalizes electronic trading principles and bankruptcy reforms
The US Commodity Futures Trading Commission finalized rulemakings on electronic trading risk principles and Part 190 bankruptcy regulations at a public meeting held via teleconference on 8 December.
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FIA praises CFTC for adopting Electronic Trading and Bankruptcy rules
FIA President and CEO Walt Lukken today made a statement after the CFTC voted to finalize Electronic Trading Risk Principles and significant bankruptcy reforms for FCMs and clearinghouses, among other rulemakings.
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FIA welcomes new House Agriculture Committee leadership
FIA President and CEO Walt Lukken today released the following statement congratulating House Agriculture Committee Chairman-designate Representative David Scott and Ranking Member-designate Representative Glenn ‘GT’ Thompson.
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CFTC's Tarbert: Global standards for crypto and CCPs are top industry priorities
FIA's MarketVoice spoke recently with CFTC Chairman Heath Tarbert via video call to get a sense of what he has accomplished in 2020, and what he sees as the future priorities for the agency.
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FIA supports FinCEN anti-money laundering efforts
FIA today wrote in support of the Financial Crimes Enforcement Network’s (FinCEN) efforts to update to the existing anti-money laundering (AML) regulations that would require covered financial institutions, which include FCMs, to maintain an "effective and reasonably designed" AML programs as informed by the institution's risk assessment and FinCEN’s national AML priorities.
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FIA, Chicago Fed host discussion on diversity in US financial sector
FIA held a joint webinar with The US Federal Reserve Bank of Chicago to explore issues of diversity and inclusion in financial markets. Moderated by Sharon Bowen, a former commissioner on the US Commodity Futures Trading Commission, the event covered hard statistics about current and past representation of black leaders in the public and private financial services sector as well as personal experiences from panelists.
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