FIA has published guidance regarding the standards that need to be satisfied in order for a clearing member to conclude that the margin it posts to a clearinghouse is "bankruptcy remote" for purposes of the Basel III capital requirements.
CONTINUE READINGBoca Raton, Fla.—John Boehner, Speaker of the House from 2011 to 2015, was inducted into the Futures Hall of Fame yesterday at the 41st annual FIA International Futures Industry Conference in Boca Raton, Florida.
CONTINUE READINGBoca Raton, Fla.—FIA announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Seven directors were elected at this meeting for one and two-year terms.
CONTINUE READINGThe China Securities Regulatory Commission conducted a public consultation on draft rules which allow foreign investors and brokers to trade and clear certain domestic Chinese futures contracts (initially crude oil futures).
CONTINUE READINGThe Futures Industry Association and the International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the FIA-ISDA Cleared Derivatives Execution Agreement as a template that can be used by participants in the cleared swaps markets in negotiating execution-related agreements with counterparties to over-the-counter derivatives that are intended to be cleared.
CONTINUE READINGThe Futures Industry Association today submitted an extensive response to the Commodity Futures Trading Commission’s Concept Release on Risk Controls and System Safeguards for Automated Trading.
CONTINUE READINGThe revised SFTR Article 15 Information Statement includes a new Appendix which outlines re-use risks in relation to US FCMs, US broker-dealers or US banks when they act as ‘collateral takers’.
CONTINUE READINGThe U.S. Commodity Futures Trading Commission held an open meeting on Dec. 18 to discuss several rulemakings related to the regulation of swaps trading and the oversight of clearinghouses.
CONTINUE READINGOn Dec. 11, the U.S. Commodity Futures Trading Commission held a public meeting of its Market Risk Advisory Committee, a group of market participants and public policy experts that provides input into CFTC rulemaking.
CONTINUE READINGWashington, DC—FIA today recommended changes to separate, but similar, CFTC rule proposals that would govern U.S. customer access to foreign clearinghouses.
CONTINUE READING