Search
Showing 5032 results
News Briefs September 2014
The Financial Stability Board on July 22 published a report outlining reforms to major interest rate benchmarks such as Libor, Euribor and Tibor. One set of the recommended reforms is aimed at strengthening the existing "IBORs" and other reference rates based on unsecured bank funding costs by underpinning them with transaction data. "By end-2015, administrators should have publicly consulted on any recommended changes, while currency groups will work to develop transition strategies and address any legal obstacles and risks," the FSB said.
CONTINUE READING2016 FIA Annual Volume Survey: Global Futures and Options Volume Reaches Record Level
FIA’s annual survey of derivatives exchange volume revealed that the total number of futures and options traded on exchanges worldwide reached 25.22 billion contracts in 2016. Although that was only 1.7% higher than the previous year, the increase in the number of contracts traded was enough to set a new annual record for the derivatives exchange industry. The previous high was set in 2011, when total volume reached 24.98 billion. The annual survey includes tables and charts showing exchange and contract rankings as well as breakdowns by region and asset class, and the underlying data can be downloaded directly from the website in Excel format. Read Now
CONTINUE READINGFIA asks CFTC to extend OCR relief
FIA filed a letter with the Commodity Futures Trading Commission on Feb. 3, 2017 asking for an extension of existing no-action relief from the agency's Ownership and Control Reports rule. FIA explained that many reporting entities remain concerned that they will not be able to comply with the March 1 compliance date specified in prior no-action relief with respect to reporting certain identifying information that may be subject to privacy laws in non-U.S. jurisdictions. In fact, some firms may be forced to choose between compliance with the OCR rule and compliance with non-U.S. privacy laws if the deadline is not extended, FIA said.
CONTINUE READINGFIA asks CFTC for extended and additional OCR relief
FIA filed a letter with the Commodity Futures Trading Commission on Aug. 15, 2017 asking for an extension of existing no-action relief as well as additional relief regarding the reporting obligations under the agency's Ownership and Control Reports rule. FIA explained that the companies subject to these obligations are not able to fully comply with the OCR rule and reiterated its position that the CFTC should conduct a formal rulemaking to address the challenges that the rule poses for intermediaries and their customers.
CONTINUE READINGSpecial Report: CFTC's Giancarlo testifies at Congressional hearing
The House Agriculture Committee held a hearing on Oct. 11 to receive an update from Chris Giancarlo, the chairman of the Commodity Futures Trading Commission, on the CFTC’s agenda. Giancarlo's testimony covered a wide range of issues and initiatives at the CFTC, including cybersecurity, fintech, enforcement, Project KISS, swap trading and reporting rules, clearinghouse supervision, and cross-border issues.
CONTINUE READINGWalt Lukken's opening remarks at Expo 2017
Walt Lukken, President & Chief Executive Officer presents the opening remarks at Expo 2017.
CONTINUE READINGFireside Chat: CFTC Commissioners
Rostin Behnam and Brian Quintenz joined FIA president and CEO Walt Lukken in a fireside chat at their first FIA conference since being sworn in as Commissioners of the Commodity Futures Trading Commission. In addition to learning more about their respective backgrounds, the Expo audience also heard the Commissioners share their thoughts on regulatory reform in the past decade since the financial crisis, cross-border challenges and the relationship between regulators and industry.
CONTINUE READINGCryptocurrencies 101 panel from FIA Asia 2017
The 13th Annual Asia Derivatives Conference featured a special session called “Cryptocurrencies 101” that provided an overview of cryptocurrencies, the evolution of the market and how the derivatives market is responding. Moderated by FIA Tech President Nick Solinger, the speakers included Cameron & Tyler Winklevoss, co-founders of digital asset exchange Gemini, and Yvonne Zhang, chief executive officer of the Aquifer Institute, which offers a blockchain-based trade finance product.
CONTINUE READINGNew resource - FIA Algorithmic Due Diligence Guide
FIA’s European E-Trading Committee - in cooperation with the Managed Funds Association - have produced a template of questions for use by exchange members facilitating algorithmic trading by their clients.
CONTINUE READING