Shortly before the end of the year, the Commodity Futures Trading Commission took an important step towards clarifying how it will apply its regulations to crossborder trading in swaps.
CONTINUE READINGIt has been a busy summer at FIA, and I am pleased to congratulate Gerry Corcoran on his election to chairman of FIA’s board of directors. Gerry is the CEO of R.J. O’Brien and has served on our board since 2008.
CONTINUE READINGBanking regulators are putting in place a new set of international capital standards aimed at strengthening the banking system’s capital base. One consequence is that the cost of providing clearing services will rise dramatically over the next several years.
CONTINUE READINGStephen Luparello was named director of the Securities and Exchange Commission’s division of trading and markets. Luparello was most recently a partner at the firm WilmerHale.
CONTINUE READINGIn a new letter and testimony submitted to the House Financial Service Committee, FIA continues to advocate for U.S. Congress to address the unintended consequences of post-crisis financial reforms that undermine the incentives and benefits of central clearing for derivatives.
CONTINUE READINGMr. Chairman and Members of the Commission, my name is Mark Young. I am appearing today on behalf of the Futures Industry Association.
CONTINUE READINGFIA President John Damgard discussed several issues related to the clearing of credit derivatives in testimony today before the U.S. House Agriculture Committee.
CONTINUE READINGFIA President John Damgard testified before the House Agriculture Committee on Feb. 3 regarding the discussion draft of the Derivatives Markets Transparency and Accountability Act of 2009.
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