Commodity Futures Trading Commission (CFTC)
Sef rules expected to catch swap packages from mid-May
Simpler structures will have existing CFTC safe harbour removed first, Sefs expect
CFTC-EC swaps accord not working, says MEP Swinburne
Accord has not solved swaps liquidity fragmentation
Massad stresses process and co-operation to senators
CFTC chairman nominee vows to follow APA
Probable new CFTC chair 'no ideologue', say former colleagues
Dealers hope Timothy Massad's reputation as a problem-solver will lead to greater collaboration on cross-border regulation
Dealers and Sefs divided over sponsored access
After Bloomberg and Tradeweb announce first completed sponsored access trades, sceptics claim service has no future
Who is Timothy Massad?
He cooks, he’s quiet, he’s confident, and he will cope with everything Wall Street throws at him. That is the picture painted by former colleagues – and adversaries – of the US Treasury Department’s Timothy Massad, probable new chairman at the Commodity…
Sefs not expecting a big bang from Mat spark
As the Sef trading mandate arrives, platforms are primed for a jump in volumes – but with many clients currently avoiding Sefs, it may be a small bang, rather than a big one. Tom Osborn reports
Tradition and Tullett Prebon draw fire in Sef volumes flap
Market is split on how to report volumes for multi-legged trades
Isda and Sifma blast CFTC position limits rule
Industry groups sceptical of justification for new position limits rule, after suing to block previous version
Packaged swaps get three-month Sef reprieve from CFTC
Market participants welcome 90-day grace period as CFTC promises “thoughtful solution”
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
Asian clearing houses waiting for CFTC to outline DCO exemption process
SGX still the only Asian exchange with US regulatory approval
US energy firms facing Dodd-Frank trade reporting ‘nightmare’
Differing approaches of swap data repositories haunt energy companies trying to reconcile trades
HSBC deregisters Asian arm as a swap dealer due to lack of US person trades
Unlikely that any Japan or Australia banks will follow suit
Singapore facing substituted compliance ruling following J. Aron swap dealer registration
Move by Goldman’s commodities subsidiary could trigger CFTC ruling
Commodity position limits may make hedgers think twice
Dodd-Frank and Mifid II position limits could cause firms to withdraw from commodity derivatives
CFTC cross-border guidance 'has the feel of a rule', lawyers agree
A rule by any other name
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
CFTC-Ferc deal leaves enforcement question unanswered
Agreements reached under US Dodd-Frank Act fail to address critical issue of enforcement
Japan dealers stop back-loading to CCPs due to de minimis uncertainty
CFTC rule potentially captures legacy trades novated to CCPs
AMA, RCSAs and dealing with Libor at Rabobank
Dutch bank Rabobank has shaken off its Libor label pretty quickly, leaving it to focus on its co-operative roots, the AMA and its RCSA roll-out. Anne Snel-Simmons, head of operational risk management at Rabobank, talks to OpRisk about the challenges of…
SGX becomes first Asian firm to be designated a derivatives clearing organisation
CFTC ruling comes a week after it granted qualified substituted compliance to three Asian regulatory regimes
Australia to receive go-ahead for CFTC substituted compliance
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
CFTC correct in row over US Treasury liquidity - Risk.net poll
A poll of Risk readers finds that 56% agree the CFTC should require CCP holdings of US Treasuries to be backed by committed liquidity facilities