Commodity Futures Trading Commission (CFTC)
Industry resists Dodd-Frank real-time reporting
While the Dodd-Frank Act calls for real-time trade reporting, industry insiders argue it will be misleading
Buy-side firms urged to avoid stampede to CCPs
Panel participants encourage buy-side firms to engage with CCPs early to avoid a last-minute rush
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
Client clearing services slowly maturing
A clear path?
Banks worry over extraterritorial impact of Dodd-Frank
Reaching too far?
Dealers weigh Sef strategies
Day of the aggregators
Energy Risk USA: could anti-manipulation rule curb energy activity?
Dodd-Frank manipulation rules could “chill” energy market and boost regulatory infrastructure costs: ER USA panel
Deutsche considered Autobahn spin-off in bid for Sef status
Dodd-Frank caused Deutsche to look at reinventing its Autobahn platform as a Sef – but dealers now see a future for their platforms as price aggregators
Firms face heightened op risk while implementing US CCP rules
Through a glass darkly
CFTC rule-making narrows field in repository race
CLS decides not to pitch to become a foreign exchange repository provider after CFTC rule-making demands extra granularity and timeliness in data reporting
European Commission 'unhappy' with Dodd-Frank extraterritoriality
EC official voices concern over the long arm of US derivatives rules
Will ruling create agreement on regulatory jurisdiction?
Will ruling create agreement on regulatory jurisdiction?
US energy speculation investigation begins anew
US oil & gas price fraud committee to probe trader and investor activity
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
Sefs threaten dealer-client relationship
Execution fears
Inconsistency could lead to arbitrage
Consistency is key
SEC has flexibility on Dodd-Frank implementation, says Schapiro
Collaborating for change
$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
CFTC regulators favour extending Dodd-Frank comment period
CFTC cost and timing concerns continue; FTRs and commodity forwards exempted from swaps definition
Isda's Pickel addresses friction between rules and commitments
Speaking in a video interview, Isda executive vice-chairman Robert Pickel said regulators are aware that inconsistencies could emerge between legislative requirements and Fed letter commitments