The swap market entered a new phase in February 2014 with the implementation in the U.S. of the trading requirements established by the Dodd-Frank Act. Under these requirements, trades in certain types of interest rate and credit default swaps must be executed on so-called “SEFs,” short for Swap Execution Facilities
CONTINUE READINGThe recent troubles at the Korea Exchange have highlighted the urgent need for all of us in this industry to focus on global standards for clearinghouse risk.
CONTINUE READINGJanuary's agreement on the final text of MiFID II marks an important milestone in the regulation of European commodity markets.
CONTINUE READINGFIA and the International Swaps and Derivatives Association sent comments to the Federal Reserve Board of Governors today expressing serious concerns with proposed changes to the mandatory Banking Organization Systemic Risk Report form (FR Y-15) that would affect the treatment of client-cleared over-the-counter derivatives transactions for purposes of the capital surcharge (the G-SIB Surcharge) imposed on U.S. global systemically important banking organizations (G-SIBs).
CONTINUE READINGOn 2 December 2016, the IRS released a notice postponing the implementation date for non-delta-one products to 2018 and stating that it will consider the extent to which a taxpayer or withholding agent has made a good faith effort to comply with the regulations in enforcing the regulations for any delta one transaction.
CONTINUE READINGEquity options exchange leaders discuss recent mergers and other key trends during a panel discussion at FIA Expo 2016.
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