On March 15, Chris Giancarlo, the acting chairman of the Commodity Futures Trading Commission, announced a three-pronged plan to renovate derivatives regulation that he called Project KISS, which stands for “keep it simple, stupid.”
CONTINUE READINGCustomers may not be able to find a new home for their cleared derivatives if their clearing member goes into default, several industry participants warned the Commodity Futures Trading Commission at an April 25 meeting of the CFTC’s Market Risk Advisory Committee.
CONTINUE READINGThe Hong Kong government reappointed Ashley Alder as chief executive officer of the Securities and Futures Commission for another three-year term effective from Oct. 1.
CONTINUE READINGA central counterparty, viewed from an economic perspective, is a “commitment mechanism.”
CONTINUE READINGSponsored 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
CONTINUE READINGTwo influential regulatory officials have indicated that they share the widespread concerns within the derivatives industry regarding the impact of Basel III capital requirements on clearing firms.
CONTINUE READINGOn April 13, the Hong Kong Monetary Authority issued a consultation on the implementation of the Basel III leverage ratio framework in Hong Kong.
CONTINUE READINGIn 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.
CONTINUE READINGWe’ve all heard the saying, “Work smarter, not harder.” Nearly a decade since the financial crisis, we are finally getting a chance to put this adage into practice.
CONTINUE READINGEuronext has signed a binding “heads of terms” agreement with the Intercontinental Exchange to use ICE Clear Netherlands for its derivatives markets.
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