Videos
-
CRD IV bonus cap has perverse effect of increasing risk
The EU's Capital Requirements Directive CRD IV has imposed a bonus cap on credit institutions and investment firms with the intention of discouraging the excessive risk-taking with client monies that contributed to the financial crisis. However, the inappropriate application of this bonus cap to principal trading firms now has the potential to result in the perverse effect of actually increasing risk, whilst hurting market quality.
CONTINUE READING -
OTC Margin Rules, U.S. & E.U. Perspectives
Different regulatory bodies have come out with final rules setting forth requirements for the posting and collecting of margin between certain counterparties to certain OTC swaps.
CONTINUE READING -
Lukken statement on NFA President Dan Roth’s retirement
Washington, D.C. — Upon the announcement that National Futures Association (NFA) President and CEO Dan Roth is retiring, FIA President and CEO Walt Lukken released the following statement thanking him for his service to the industry:
CONTINUE READING -
FIA responds to HKEX market consultation on revision of position limits
FIA responds to HKEX market consultation on revision of position limits
CONTINUE READING -
FIA President: Basel capital requirements will harm end-users
Washington, D.C. — FIA President and CEO Walt Lukken testified today at a hearing on the impact of capital and margin requirements on end-users, held by the House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit.
CONTINUE READING -
FIA president testifies on impact of capital and margin requirements
FIA President and CEO Walt Lukken testified on capital and margin issues affecting the derivatives industry at a hearing of the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit.
CONTINUE READING -
FIA PTG Quick Byte: SEC access fee pilot program
At tomorrow’s meeting of the SEC’s Equity Market Structure Advisory Committee (EMSAC), committee members and panelists will discuss a proposed framework for a potential access fee pilot.
CONTINUE READING -
FIA PTG comments on Treasury market structure
FIA PTG responded to the Treasury Department's Request for Information (RFI) on the evolution of Treasury market structure.
CONTINUE READING -
Protect source code to protect innovation in markets
In our last piece on the CFTC’s proposed rules on automated trading, we explained why the Commission should focus only on risk controls in its first rulemaking on this topic.
CONTINUE READING -
Designing your SEF compliance program
This webinar will identify key SEF rules that market participants should review when designing their compliance program for trading on SEFs and highlight important differences between the rules of various SEFs related to execution protocols and trade practice rules.
CONTINUE READING
