On Oct. 24, the Financial Services Agency of Japan released draft regulations and supervisory guidelines to govern "high speed trading" in Japanese markets, as mandated by legislation approved in May.
CONTINUE READINGOn Oct. 27, Intercontinental Exchange and TMX Group announced a complex transaction under which ICE will swap Trayport, a trading platform widely used in European power and gas markets, for two energyrelated businesses owned by TMX plus £350 million ($459 million) in cash.
CONTINUE READINGn Dec. 11, Hong Kong's Securities and Futures Commission issued a circular cautioning investors regarding the risks associated with bitcoin futures contracts and other cryptocurrency-related investment products and reminding financial services providers of the legal and regulatory requirements when they target customers in Hong Kong.
CONTINUE READINGFIA has released revised versions of the standard legal agreements for give-up transactions.
CONTINUE READINGThe Federal Reserve has decided to rescind a technical change in the way it calculates the CCAR stress testing calculations for large banking organizations, a decision that averts a major increase in the amount of capital required for client clearing.
CONTINUE READINGThe European Commission has once again extended the transitional period relating to own funds requirements for exposures to central counterparties under the Capital Requirements Regulation by a further six months to June 15, 2018.
CONTINUE READINGOn Oct. 19, the European Securities and Markets Authority published a report on the size of the interest rate, credit, equity, commodity and foreign exchange derivatives markets in the EU.
CONTINUE READINGOn May 1, the Commodity Futures Trading Commission released a report on tests that it conducted on the financial resources held by two large clearinghouses to cover losses arising from a member default. The tests, which were based on data collected in 2018, were part of the agency’s ongoing program to ensure the resiliency of the clearing system and its ability to absorb extreme market movements.
CONTINUE READINGLisa Cavallari, the head of derivatives trading, discusses liquidity trends, transaction cost analysis, and the CDS market split.
CONTINUE READINGEx-CFTC lawyer warns agency would better serve derivatives markets with a focus on “misappropriation” instead
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