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OTC Clearing
On Feb. 5, the Hong Kong Monetary Authority and the Securities and Futures Commission released the final version of the mandatory clearing rules for interest rate swaps as well as a paper discussing the changes it made to the rules in response to comments submitted by market participants during the consultation process.
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SEF Benefits
The Bank of England on Jan. 15 released a staff working paper studying the impact of Dodd-Frank rules requiring that certain interest rate swaps be traded on swap execution facilities.
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Margin Methodology
On Feb. 1, FIA and ISDA submitted a response to ESMA's Consultation Paper reviewing Article 26 of RTS No 153/2013 regarding the margin period of risk (MPOR) for client accounts.
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Leverage Ratio: Bank of England backs changes for cleared derivatives
The Bank of England has urged European policymakers to review the treatment of derivatives trades in the leverage ratio calculation used to determine the amount of capital required for banks.
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Cross-Border Access
The Commodity Futures Trading Commission in February agreed to allow Korean brokers to offer derivatives directly to U.S. investors without registering as futures commission merchants.
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Clearinghouse Capital
On Feb. 11, the Securities and Exchange Commission issued an order approving the OCC’s plan to raise capital.
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CCP Equivalency
After years of discussion, the European Commission and the Commodity Futures Trading Commission in February ironed out their differences on the regulation of clearinghouses in the U.S. and Europe.
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Blockchain experimentation
A year ago, the blockchain was a mysterious technology that somehow powered the equally mysterious Bitcoin. But people in financial services learn quickly when there’s money on the line.
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End-User Relief
The CFTC’s Division of Market Oversight issued a no-action letter on Feb. 18 that provides end-users with relief from a reporting requirement that applies to trade options that have not been reported to a swap data repository.
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U.S. Treasury to Monitor Financial Stability of Clearinghouses
The Treasury Department's Office of Financial Research said in its annual report released on Jan. 27 that it will monitor the financial stability of clearinghouses.
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