MarketVoice News
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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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Better Data
The Commodity Futures Trading Commission's Division of Market Oversight on July 10 launched a comprehensive review of its swap data reporting regulations and invited input from entities involved in swaps reporting.
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FIA Publishes MiFID II Brief for U.S. FCMs
FIA has created a brief to help members understand how the Markets in Financial Instruments Directive II and the associated Markets in Financial Instruments Regulation may impact U.S. futures commission merchants.
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Swap Trading
Tim Massad, chairman of the Commodity Futures Trading Commission, gave several speeches in April on the need to adjust the CFTC's rules for swap execution facilities
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Sponsored Content
Managing a Default: The Eurex Clearing Approach
Sponsored Content: Since the collapse of Lehman Brothers in 2008, policymakers’ and legislators’ focus on the topic of clearinghouse resilience, recovery and resolution has been intense, with many experts and commentators warning of yet more severe consequences for the financial system should a central counterparty ever have issues or even go into default
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Rule 1.31
In January, the Commodity Futures Trading Commission issued a proposal to update and modernize Rule 1.31, which sets out certain recordkeeping requirements for futures commission merchants, commodity pool operators, trading firms that are exchange members, and other market participants.
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Know Your Ticker
In April, ICE Data Services, the rapidly growing data services arm of Intercontinental Exchange, announced the launch of a new reference data solution for clients that use ICE’s futures exchanges.
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Trump Nomination
On May 2, the Senate confirmed the nomination of Jay Clayton to serve as chairman of the Securities and Exchange Commission. The nomination was approved in a 61 to 37 vote, with several Democrats joining their Republican colleagues in supporting the nomination. He was sworn into office on May 4.
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Neither a Borrower Nor a Lender Be: On CCPs and Banks
A central counterparty, viewed from an economic perspective, is a “commitment mechanism.” The ultimate function of a CCP is to assure performance of contract obligations between its members. They do so by becoming substituted counterparties to all trades submitted for clearing—becoming, in effect “the buyer to every seller and the seller to every buyer”—thereby ensuring the performance of open contracts.
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Expanded Access to Commodity Derivatives
The Securities and Exchange Board of India announced it will issue unified licenses to brokers and clearing members to transact in both commodity derivative and equity markets
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