Dodd-Frank Act
WHAT IS THIS? Properly known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, this controversial US legislative package enacted a host of reforms agreed by the G20 nations in the aftermath of the financial crisis, including rules on the clearing, execution and reporting of standardised swaps. It also introduced the Volcker rule ban on proprietary trading by banks, and a new way of liquidating big institutions.
Whither the Office of Financial Research?
Whither the Office of Financial Research?
Malmgren tells IOR: Op risk managers should track geopolitical developments
Geopolitical developments feed into op risk
Upturn predicted for physical energy trading
Trade flow likely to move to physical markets due to new derivatives rules, experts say
CFTC starts swap execution facility regulation discussions
US regulator is working on registration procedures, as well as market abuse codes, says CFTC CIO Rogers
Video: Trayport MD on OTC markets moving to Asia
Elliott Piggott, managing director at technology provider Trayport, speaks to Lianna Brinded about why he sees the over-the-counter derivatives market moving to Asia
Video: BNP Paribas's head of commodity derivatives Asia-Pacific
Frederic Hervouet, head of commodity derivatives for the Asia-Pacific at BNP Paribas, talks to Lianna Brinded about hedging strategies for energy and commodities
Video: Southern Company's risk manager on regulation
Chris Schlegel, risk manager at the US’s largest utility, Southern Company, speaks to Lianna Brinded about risk management concerns following impending regulatory changes
CDS: Fitting into the framework
Fitting into the framework
Regulatory wrangles in the CDS market
Regulatory wrangles
Video: Chairman of the Hong Kong Mercantile Exchange
Barry Cheung, chairman at the Hong Kong Mercantile Exchange, speaks to Lianna Brinded about the liberalisation of China's renminbi and the positive effects it will have on energy and commodities.
Energy players voice concerns over Dodd-Frank timeline
US market participants say Dodd-Frank reforms should be phased in, foresee uncertainty and potential market disruption post-implementation
Ban on rehypothecation could increase derivatives costs
A number of hedge funds are now insisting margin posted on derivatives trades is not rehypothecated – a trend that could drive up costs
Rehypothecation dilemma
Rehypothecation dilemma
Keep pre-Dodd-Frank swaps data for now: CFTC
CFTC deals with pre-enactment swaps reporting and tells energy companies to maintain required data until Dodd-Frank definitions are finalised
Regulatory changes push OTC energy and commodities markets to Asia
The over-the-counter energy and commodities market is being pushed to Asia by fears over Western regulatory changes, says managing director of technology provider Trayport
Regulators must distinguish physical and financial energy transactions, says risk manager
Financial risk manager from the US’s largest utility, Southern Company, says regulators should make sure they make a distinction between physical and financial transactions before setting US regulatory changes in stone
US federal regulators endorse "appropriate" Basel III
Bair says evidence supported even higher capital requirements under revised Accord
CME chief says central clearing house removes 'black swan' threat
Chicago Merchantile Exchange's (CME) Asia energy and metals chief says the group’s central counterparty clearing (CCP) house removes the possibility of a ‘black swan’ incident
Capital deductions an issue for US banks facing Basel III
US banks will find it easier to comply with Basel III than European counterparts, but capital deductions could pose a problem
Isda Asia chief: Forcing energy and commodities into CCPs creates more risk
Forcing energy and commodities contracts into central counterparty (CCP) clearing is “potentially dangerous”, says Isda's Noyes
Structural changes behind rise in long-dated skew, say dealers
Reduction in risk appetite and regulatory crackdown causing increase in long-dated skew, say equity derivatives dealers
IIF: Pay rates too biased towards front office
IIF: Pay rates too biased towards front office