Clearinghouse risk issues took center stage at FIA Expo in Chicago on Oct. 31, with more than 100 spectators in attendance for a civil but contentious discussion about governance and transparency issues.
CONTINUE READINGDespite the eye-catching title of the discussion – “Is there a liquidity crisis?” – a group of panellists at FIA Expo on Oct. 30 agreed that the industry has witnessed many innovations and market structure changes that have democratised the derivatives markets and introduced new participants over the past 10 years.
CONTINUE READINGHeath Tarbert, the chairman of the Commodity Futures Trading Commission, said on Oct. 30 that he plans to move forward on several major rulemakings over the next six months, including speculative position limits, swap dealer regulation, and core principles for derivatives clearinghouses.
CONTINUE READINGThe 2015 L&C Keynote Lunch Remarks were given by General Michael Hayden, Former Director, Central Intelligence Agency, and Former Director, National Security Agency.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGThanks to evidence of attempted manipulation in key global reference rates along with a steep decline in interbank lending, international standard-setters began talking about the importance of benchmark reforms as early as 2013.
CONTINUE READINGOn June 12, the U.S. Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee to discuss climate-related financial market risks. The committee has no official rule-making powers, but its membership comprises a wide range of market participants and its discussions can have a significant influence on CFTC policymaking.
CONTINUE READINGFacebook's plans to create its own digital currency raises a number of important questions for U.S. policymakers and highlights the need for a comprehensive response to the rise of digital assets, according to a former chairman of the U.S. agency that oversees derivatives markets.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGAt an open meeting on July 11, the five members of the U.S. Commodity Futures Trading Commission voted unanimously to release a proposed rulemaking designed to create a less burdensome regulatory regime for foreign clearinghouses that clear swaps for U.S. customers. The proposal, which now will be published for public comment, would allow clearinghouses in other parts of the world to offer their swap clearing services to institutional investors and other "eligible contract participants" so long as they fall below a certain threshold of importance to the U.S. financial system. They would still be required to register with the CFTC, but the CFTC's oversight would be limited to customer protection issues.
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