Commodity Futures Trading Commission (CFTC)
Top five op risk losses: Mortgage fines continue to plague banks
Megan van Ooyen from SAS rounds up the top five operational risk losses for February 2017
FCA: ‘wait and see’ if Mifid swaps rules are ready in January
Trading obligation consultation due by May, as industry urges clarity rather than speed
Brexit and financial regulation: a delicate negotiation
The UK needs access, the EU needs regulatory data, but a mutually beneficial deal could be elusive
Regulators may consider portability in CCP fire drills
BoE, BaFin and CFTC move signals concern over whether client positions can be moved between banks in a crisis
Clearing portability under threat as FCM pool shrinks
Failure of big clearing brokers could see clients unable to move to stable competitors
VM push fails to deliver cleaner CSAs
Dealers have softened stance on collateral terms as March 1 deadline approaches
Banks get no relief from CFTC’s variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
People: Giancarlo makes new appointments at the CFTC
Recent changes at the CFTC, Ferc, Shell, LME, TriOptima, Blank Rome, Ice Clear Europe, Goldman and the DTCC
Executive disorder: little threat to Dodd-Frank from Trump memos
Order to scrap two rules for each new one cannot capture bank regulators or repeal legislation
People moves: Credit Suisse’s Dainton departs
UniCredit promotions; Hazlewood leaves Deutsche; Goldman's CIO; senior forex hire at SG
‘Reauthorising’ CFTC could alter firms’ attitude to EU position limits
If Commodity End-User Relief Act is passed, it could mean substantial industrial change in US – and Europe
Massad: cost-benefit bill makes CFTC rulemaking 'very difficult'
Departing chairman says the CFTC already does “a good job” of analysing costs
Giancarlo to overhaul Sef rules if given CFTC reins
Acting chairman says all methods of execution should be permitted on Sefs
LEI reporting initiative defended, despite high lapse rate
Operators of legal entity identifiers hope Mifid II will spur greater adoption
Review of 2016: turn and face the strange
Post-crisis reform has caused upheaval, but gave recent years a sense of direction; in 2016, that was missing
Banks urge co-ordinated Asian reaction to CFTC swaps rule
Banks call for Asian regulators to unite against US supervisory overreach
Stretched margins: growing pains for Simm
The standard initial margin model could become more strained as its use expands in 2017
CFTC looks to strengthen oversight of trading obligation
Chief counsel at CFTC highlights weaknesses of bottom-up approach to MAT determinations
EC signals staggered entry for Mifid II trading obligation
Rules for derivatives may take effect after January 2018 to allow for US equivalence deal
FCA urges progress on equivalency for derivatives trading
US and EU regulators should base recognition decisions on outcomes, not technical details
Giancarlo: March VM deadline is ‘massive challenge’
CFTC commissioner calls on regulators to address buy-side concerns if needed
Industry friction on initial margin model backtesting
NFA said to have set 10-day standard; other regulators applying different approach
Clearers laud EC transition extension for non-EU CCPs
Absent the extension, OCC estimates extra $74 billion in RWAs for European members
Indian CCP equivalence push hits data protection roadblock
CFTC demands India’s clearing house hand over information on trades involving US persons