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Market Conduct

  • FIA joins industry call for adequate implementation time for REMIT II

    FIA along with AFME, CMC Europe, EFET, Eurelectric, Eurogas, Europex, FESE, FIA EPTA, IOGP and ISDA has submitted a letter to European co-legislators urging them to delay the timing of the implementation of some of the obligations of the revised Regulation on Wholesale Energy Market Integrity and Transparency (REMIT II).

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  • CFTC enforcement trends - Three key issues to watch

    The US Commodity Futures Trading Commission's Division of Enforcement is having a busy year – again. In fiscal 2022, the agency imposed over $2.5 billion in penalties on registered entities. And as it looks to close out its fiscal 2023 at the end of September, the CFTC is on track to meet or exceed that figure.

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  • FIA asks FERC to limit scope of communications rule

    FIA has offered comments to the US Federal Regulatory Commission (FERC) regarding a proposed rulemaking that would substantially expand the scope of communications that are subject to FERC’s enforcement authority. 

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  • DOJ enforcement priorities in commodities & derivatives markets: A discussion with DOJ leadership

    During this discussion, James McDonald, Sullivan & Cromwell Partner, interviews Robert Zink, U.S. Department of Justice, Acting Assistant Attorney General (and Chief of the DOJ Fraud Section from January 2019 to August 2020), regarding DOJ’s enforcement priorities in the commodities and derivatives markets and white collar area more generally.

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  • CFTC enforcement update: 2020 in review and outlook for 2021

    This panel provides an overview of the CFTC’s considerable volume of enforcement activity in 2020. Panelists focus on enforcement trends and developments while also recapping the busy regulatory agenda of the outgoing administration. The panel provides a look ahead to what market participants can expect from the CFTC under the incoming Biden Administration in 2021.

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  • Market Surveillance Guidelines

    In this webinar, speakers discussed the recently published FIA Market Surveillance Guidelines and addressed requirements expected by the UK’s Financial Conduct Authority relating to market abuse systems and controls that market participants are required to have pursuant to Article 16 MAR.

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  • FIA releases surveillance and market abuse guidelines

    London, UK – FIA today released new guidelines to assist market participants in fulfilling obligations set by UK and European regulators in relation to surveillance and market abuse requirements.

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  • How Artificial Intelligence Can Stop Market Manipulation

    This past March, a group of venture capital firms and banking organizations led by BNP Paribas invested $30 million into Digital Reasoning, a privately held company based in Nashville that is emerging as one of the leaders in using artificial intelligence to analyze human communications.

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  • Enforcement Trends: CFTC Fines Bank of Tokyo for Spoofing but Rewards Bank for Cooperation

    On Aug. 7, the CFTC announced a settlement with The Bank of Tokyo-Mitsubishi UFJ for engaging in "multiple acts of spoofing" in interest rate futures listed on the Chicago Mercantile Exchange and the Chicago Board of Trade.

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  • Compliance collaboration

    SGX Launches Initiatives to Address Spoofing and Other Market Misconduct

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