Commodity Futures Trading Commission (CFTC)
Berkovitz leaves CFTC
CFTC veteran legal counsel to depart end of March
Swap futures margins may be underestimating risk exposures
A difference in margin approach between swaps and futures may mean the latter are not assessed on their level of riskiness
Zombie firms are first Dodd-Frank major swap participants
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
CFTC's Gensler: Industry is ready for March 11 clearing deadline
Preparations are "running very smoothly" says CFTC chairman, ahead of first clearing deadline
CFTC braced for litigation over swap reporting showdown
Rule 1001 would route trades cleared at CME exclusively into its swap data repository. The Depository Trust & Clearing Corporation claims the rule is a ruse to skirt Commodity Futures Trading Commission rules and monetise swap data. Now the lawyers are…
Sommers to leave CFTC
Deutsche Bank appoints commodity co-heads; top analyst leaves Morgan Stanley; Icap Energy appoints in Singapore; Barclays loses energy research head; Huntington Bank launches hedging business
Turning points: Jill Sommers, CFTC
As she prepares to leave the US Commodity Futures Trading Commission, Jill Sommers speaks to Alexander Osipovich about the battles over Dodd-Frank and the investigation into MF Global
Energy firms scramble to avoid swap dealer label
Switching to futures and rewriting corporate websites could help reluctant energy companies avoid having to register as swap dealers under Dodd-Frank, reports Alexander Osipovich
Brokers lift the lid on swaps-to-futures confusion at Ice
When swaps become futures
CFTC's 60-second rule will force rejections, FCMs warn
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
RBS Libor fine confirms CFTC intent to police global markets
Hedge funds around the world need to take note of the recent fine imposed on Royal Bank of Scotland and the extraterritorial reach of the the US Commodity Futures Trading Commission.
Changing hats – March 2013
Changing hats – March 2013
Sommers blasts CFTC's approach to Dodd-Frank
Compliance timetable for new swap rules was too aggressive, says outgoing CFTC commissioner
RBS fined $612 million for Libor rigging
RBS's head of investment banking arm to step down in wake of findings
Sef rules could be finalised by mid-February, says O’Malia
Swap execution facility rules could be finalised in weeks, but CFTC commissioner gives little away on the detail
Risk.net poll: Regulators not giving enough information
The vast majority of respondents feel regulators have not provided them with sufficient information to implement new derivatives rules
Isda seeks to dispel speculation myths with commodity website
Isda turns up the volume in controversial debate over commodity speculation and position limits
Post-MF Global segregation reforms spark fierce debate
Searching for security
US firms returning to iron ore derivatives after SGX and CFTC clear regulatory obstacles
The CFTC’s no-action relief letter issued late last year and SGX’s upcoming iron ore futures contract have ended uncertainty and brought back hesitant market participants
DTCC threatens lawsuit over CME SDR plan
Depository Trust & Clearing Corporation could take legal action to stop proposed rule that would force CME clearing customers to report to its own SDR
First Libor fines point the way for harsher regulation
Getting tough
Japan: Initial margins on OTC clearing of forex swaps not desirable
Japan questions the current framework for clearing foreign exchange derivatives