MarketVoice News
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Benchmark Regulation
FIA joined with the Global Financial Markets Association and the International Swaps and Derivatives Association in submitting a joint response to a discussion issued by the European Securities and Markets Authority on EU financial benchmarks regulation.
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Avoiding a Fire Sale
On May 3, the Federal Reserve Board proposed a rule intended to enhance the resolvability of large and complex banking organizations by limiting the ability of their counterparties to terminate "qualified financial contracts" such as uncleared derivatives, repos, reverse repos and securities lending and borrowing transactions.
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Algo Trading
The Prudential Regulation Authority has proposed rules to implement the Markets in Financial Instruments Directive II and related provisions for entities under its supervisory jurisdiction, including special provisions related to algorithmic trading. PRA said its proposed rules generally mirror those proposed by the U.K.’s Financial Conduct Authority in December 2015, but reflect PRA’s different regulatory emphasis, namely ensuring the “safety and soundness” of firms it oversees, rather than preventing market abuse or disorderly conduct.
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People - June 2016
In March, Deutsche Boerse announced a new leadership structure for its derivatives trading and clearing businesses.
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Insight: It Will Forever Be Known as the "Ham Sandwich" Hearing
In April, I appeared as a witness before our industry’s oversight body of the U.S. House of Representatives regarding the impact of capital and margin requirements on end-users and our industry. Members of Congress were interested in how capital requirements and in particular the leverage ratio may increase the cost of clearing and reduce access to hedging by mistreating customer margin as bank leverage.
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Insight: It Will Forever Be Known as the "Ham Sandwich" Hearing
In April, I appeared as a witness before our industry’s oversight body of the U.S. House of Representatives regarding the impact of capital and margin requirements on end-users and our industry.
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Blockchain: Building an Ecosystem
In the last 12 months, the buzz around blockchain has exploded.
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Balancing Act
Commodity Futures Trading Commission officials weighed concerns the industry raised over changing the current residual interest deadline.
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SGX: A View from the Top
Since joining Singapore Exchange as chief executive officer in July 2015, Loh Boon Chye has been busy reinforcing the exchange's position as a gateway to Asia's financial and commodity markets.
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Clearinghouse Technology
The Australian Securities Exchange in March announced that it would replace its existing equities and equity options clearing systems with Nasdaq's Genium INET.
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