MarketVoice News
-
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.
CONTINUE READING -
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.
CONTINUE READING -
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.
CONTINUE READING -
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.
CONTINUE READING -
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.
CONTINUE READING -
Clearing Equivalence: EU and Indian Regulators to Share Information on CCPs
On July 20, the European Securities and Markets Authority and the Securities and Exchange Board of India established a memorandum of understanding on the oversight of central counterparties, including the exchange of information.
CONTINUE READING -
Warning Notice
On June 22, the Hong Kong Securities and Futures Commission issued a circular to futures brokers on compliance and control issues.
CONTINUE READING -
Power Play
On July 5, Intercontinental Exchange strengthened its position in the European power and gas markets by acquiring full control of Endex, the Amsterdam-based power and gas exchange.
CONTINUE READING -
Stress Test Guidance
On June 28, the Committee on Payments and Market Infrastructure and the International Organization of Securities Commissions released for public comment a framework to help regulators design and run supervisory stress tests for central counterparties.
CONTINUE READING -
CCP Recovery and Resolution
European policymakers are working on legislation that will establish a framework for central counterparty recovery and resolution in the European Union.
CONTINUE READING
