On Feb. 26, 1995, Barings Bank collapsed after a 28-year-old trader, Nick Leeson, lost $1.3 billion in unauthorized trades placed from the firm's Singapore office.
CONTINUE READING"This may be the one case where the exception to the rule is more important than the rule itself." — CFTC Chairman Heath Tarbert, Jan. 30, 2020. The chairman's words foreshadowed the dramatic change in approach embedded in the CFTC's latest proposal to implement speculative position limits across 25 "core referenced futures contracts."
CONTINUE READINGThe Australian Treasury and the Australian Securities and Investments Commission released draft legislative amendments to implement the proposed central clearing mandate for OTC derivatives in Australia and to provide relief from trade reporting obligations for certain users.
CONTINUE READINGFIA Asia and ASIFMA have submitted a joint letter to the Monetary Authority of Singapore (MAS) in response to the public consultation for the mandatory clearing of over-the-counter (OTC) derivative contracts.
CONTINUE READINGOn June 26, 2015 FIA filed a petition with the CFTC to amend certain provisions of the Ownership and Control Reports rule.
CONTINUE READINGThese markets were created to serve Main Street businesses, energy companies, pension funds, agricultural producers and lenders who need to manage risk and discover prices. And it's when our industry thinks of itself as an "industry" first and loses sight of our customers that we get into trouble.
CONTINUE READINGRapid growth in Brazil, Russia, India and China sends global futures and options trading to record levels in 2019.
CONTINUE READINGIn a letter submitted to the CFTC today, FIA PTG supported the Commission’s proposal to prohibit the practice of post-trade name give-up for swaps that are anonymously executed on a Swap Execution Facility and are intended to be cleared.
CONTINUE READINGHow derivatives markets are supporting the move to a low carbon world
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