Americas News
The latest industry and regulatory news affecting North and South America.
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FIA Board Chair testifies before US House Committee
The US House Agriculture Committee held a committee hearing March 9 titled "Rising Risks: Managing Volatility in Global Commodity Derivatives Markets.”
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CFTC Chair Behnam discusses rulemaking agenda before US Congress
The US Senate Agriculture Committee held a hearing on 8 March featuring Rostin Behnam, chairman of the US Commodity Futures Trading Commission, to discuss the agency's current and future priorities. Topics included cyber risks, digital assets and retail participation.
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FIA announces Cyber Risk Taskforce at CFTC meeting
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee on March 8, and the recent cyber-attack on one of the industry's technology service providers was one of the main topics of discussion. FIA President and CEO Walt Lukken, one of the speakers invited to address this issue, described FIA's role in the industry's response to the attack and announced the formation of a Cyber Risk Taskforce to examine the longer-term implications for cleared derivatives markets.
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CFTC advisory committee discusses electricity market opportunities and challenges
The US Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee (EEMAC) held a meeting on February 28 in Nashville, Tennessee. This EEMAC meeting - the second under the sponsorship of Commissioner Summer K. Mersinger – focused on electricity.
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Commodity trends to watch this year
Last year was a rollercoaster for energy and commodity markets. Will markets return to business as usual in 2023 or have some been transformed in the aftermath of last year’s events? Here, we highlight key themes and events that emerged in 2022 and look at how they may play out this year.
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CFTC's Global Markets Advisory Committee sets ambitious agenda
The US Commodity Futures Trading Commission held the first meeting of the Global Markets Advisory Committee (GMAC) on 13 February, the first meeting under the sponsorship of Commissioner Caroline Pham.
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FIA urges SEC to exempt FCMs from expanded US Treasuries clearing proposal
FIA has submitted comments to the US Securities and Exchange Commission (SEC) in response to proposed rules establishing standards for covered clearing agencies for U.S. Treasury securities.
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US Senate hearing focuses on urgent need for crypto regulation
US Commodity Futures Trading Commission Chairman Rostin Behnam testified before the Senate Agriculture Committee on 1 December, discussing lessons learned from the collapse of FTX.
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CFTC holds open meeting and advances DCO reporting proposal
On 10 November, the US Commodity Futures Trading Commission voted 5-0 to advance a proposed rule that would amend certain reporting and information regulations applicable to derivatives clearing organizations (DCOs).
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FIA responds to CFTC Request for Information on climate-related financial risk
FIA has responded to the US Commodity Futures Trading Commission (CFTC) Request for Information (RFI), which sought public comment on climate-related financial risk to better inform its understanding and oversight of climate-related financial risk as pertinent to the derivatives markets and underlying commodities markets.
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