Peter Madigan
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Articles by Peter Madigan
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
Regulators may not have authority to delay Dodd-Frank, warn lawyers
Some lawyers claim the CFTC and SEC may not have power to delay enforcement of the Dodd-Frank Act – a grey area that could lead to disputes
CFTC/SEC swap product definitions 'irrational', say derivatives lawyers
Attorneys criticise the division of regulation and the lack of detail on mixed swaps
CFTC defends clearing membership capital requirement
Commissioners argue open access is necessary, but might consider raising the $50 million minimum for CCP membership at the end of the consultation period
Buy-side firms call for greater margin security
US FCM omnibus model needs to be strengthened for OTC derivatives, say buy-side participants at a CFTC round table
Goldman Sachs the most frequent visitor to CFTC to discuss Dodd-Frank
US dealer met with regulator on 49 occasions to discuss Dodd-Frank rule-makings
Half of interest rate swaps now being cleared, says Isda
$601 trillion notional OTC figure reduced to $0.9 trillion gross value after netting, collateral
House committee approves extension for Dodd-Frank rule-makings
Vote is unlikely to delay reform implementation
SEC and CFTC ask for more funds to meet Dodd-Frank workload
Regulators seek $1.4bn and $308m respectively, but $117m CFTC “user fee” apparently dropped
$20 million capital hike for major swap participants
All MSPs and swap dealers to hold minimum $20 million under CFTC proposals
Splits emerge in CFTC and SEC swap product definition rules
Agencies largely aligned, but conflicts remain after 10-month negotiation
Volcker rule still months away as CFTC prepares latest Dodd-Frank proposals
Prop trading ban delayed by inter-agency discussions and implementation challenges
Dealers fear Sef rules will hurt OTC market liquidity
Customers will lose out if clearing-eligible trades are forced into open competition, industry warns
Latest ODSG letter shows dealer aims weakened by Dodd-Frank Act
Dealers say they have little appetite for voluntary change when facing big mandatory reforms