On Oct. 31, the Financial Stability Board, the official body that coordinates financial regulation among the G-20 nations, published a report on the growing use of artificial intelligence and machine learning in financial services.
CONTINUE READINGOn Oct. 6, the Treasury Department released its second report on regulatory reform, this time focusing on capital markets issues such as derivatives clearing.
CONTINUE READINGOn Oct. 11, FIA and the International Swaps and Derivatives Association sent a letter to the Federal Reserve expressing "deep concerns" with proposed changes to the capital surcharge imposed on U.S. banking organizations that are determined to be "global systemically important banking organizations."
CONTINUE READINGThe Securities and Exchange Commission now has a full set of commissioners for the first time since 2015.
CONTINUE READINGOn Nov. 1, Euronext formally renewed its clearing agreement with the Paris-based branch of LCH after extensive negotiations with LSE Group, the owner of LCH, on the terms of their relationship.
CONTINUE READINGOption Technology Solutions, the latest vehicle of LiquidPoint founder Tony Saliba, has joined forces with ITG, a securities broker and financial technology company, to form the Matrix Holding Group, a firm that will focus on derivatives execution and technology.
CONTINUE READINGThe Alternative Reference Rate Commission, a group of industry representatives convened by the Federal Reserve Bank of New York, has established a timetable for transitioning away from the use of Libor in the U.S. derivatives markets.
CONTINUE READINGOn 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.
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