MarketVoice News
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MiFID Compliance: FIA Offers Template for Due Diligence Assessment of DEA Clients
FIA’s European E-Trading Committee, working in cooperation with three other industry trade associations, has produced a template of questions for use by investment firms providing direct electronic access to their clients.
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Chart of the Month: Mapping the Flows from SEFs to CCPs
IN 2016, THE CFTC implemented new guidelines for data reported by swap execution facilities on their trading activity.
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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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Basel Committee Analyzes Impact of Technology Innovation
The Basel Committee on Banking Supervision released a consultative document in August on the implications of fintech for the financial sector. The report assessed how technology-driven innovation in financial services may affect both the banking industry and its supervisors, and asks for feedback on "10 key observations" about the fintech trend and related recommendations for banks and bank supervisors. The report included three case studies focused on technology developments (big data, distributed ledger technology, and cloud computing) and three on fintech business models (innovative payment services, lending platforms and neo-banks). The report also described some of the ways in which bank supervisors have responded to fintech, including the formation of accelerators and sandboxes.
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Commodity Exposure with an Indian Flavor
Multi Commodity Exchange of India, the country's top trading venue for commodity futures, announced an agreement in July with Thomson Reuters to launch co-branded commodity indices.
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Vela, Vidi, Vici
Vela Trading Technologies is on the move. In July, the New York trading and market technology firm, which was formerly known as SR Labs, announced its second acquisition in two months.
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Progress Report
On July 27, the International Organization of Securities Commissions published a “thematic review” of the progress being made in various countries in the adoption of IOSCO’s principles for the protection of client assets.
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System Safeguards
On July 5, four international regulatory bodies issued a set of policy documents aimed at strengthening the oversight and supervision of central counterparties and protecting financial systems from a potential default.
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People - September 2017
The French government appointed Robert Ophèle, a career central bank official, as chairman of Autorité des Marchés Financiers.
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Capital Calculations
On Aug. 14, the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation jointly issued guidance regarding the regulatory capital treatment of variation margin on cleared derivatives.
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