The global consolidation of the highspeed data business might not be happening in nanoseconds yet, but its pace does seem to be quickening.
CONTINUE READINGThe Financial Services Agency in January published a draft report on how it intends to transform its supervisory approach to be more holistic and forward-looking and to minimize the current “checklist” approach.
CONTINUE READINGTen years ago, I found myself right at the heart of one of the worst financial crises our generation has ever seen. In March 2008, I was serving as the acting head of the Commodity Futures Trading Commission, and the warning lights on our market risk monitors were flashing red.
CONTINUE READINGWashington D.C. is a city of contrasts. Lawyers, lobbyists and government officials live and work only blocks away from some of the poorest families in the country.
CONTINUE READINGIn the first weeks of January, as the main provisions of Europe's MiFID II reforms took effect, multiple regulators put a hold on a requirement that derivatives exchanges and clearinghouses provide open access to their services.
CONTINUE READINGOn Jan. 8, the European Securities and Markets Authority opened a public consultation on draft guidelines that aim to clarify the implementation of anti-procyclicality provisions for central counterparties under the European Market Infrastructure Regulation.
CONTINUE READINGOn Feb. 2, the European Securities and Markets Authority published the results of its second EU-wide stress tests of EU central counterparties.
CONTINUE READINGJay Clayton, the chairman of the Securities and Exchange Commission, revealed on Sept. 20 that hackers gained access to the agency's EDGAR system for corporate filings and might have used the information for trading purposes.
CONTINUE READINGFIA Global in a Nov. 18 letter to the Basel Committee on Banking Supervision urged the committee to consider how segregated margin is treated in the leverage calculations that determine bank capital requirements.
CONTINUE READINGFor the last decade, the U.S. futures industry has conducted a disaster recovery test each fall to assess industry-wide preparedness to respond to business disruptions.
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