Americas News
The latest industry and regulatory news affecting North and South America.
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FIA and FIA PTG comment in support of the CFTC’s electronic trading proposal
FIA and FIA PTG comment in support of the CFTC’s electronic trading proposal
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FIA releases midyear 2020 advocacy report
FIA is proud to be your voice and tireless advocate during these challenging times. This has been an extraordinary year like no other we have seen. The COVID-19 pandemic has brought an unprecedented health and economic crisis to our global community. Yet these uncertain times require us to rise to the occasion and meet these problems head-on with creative solutions and innovative ideas. FIA is energized to be your partner through these difficult days ahead.
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Political experts weigh in on FTT, CFTC reauthorization and November election
Analyst Charlie Cook headlines members-only FIA event
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CFTC finalizes capital requirements for swap participants
The US Commodity Futures Trading Commission finalized a new rule on capital requirements for swaps market participants and advanced a proposed rulemaking on swaps margin in a public meeting held via teleconference on July 22. The final capital requirements for swap participants will be flexible, offering three potential methodologies for market participants to follow, and is the first such measure at the agency since it was mandated by Congress under Dodd-Frank.
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CFTC’s Market Risk Advisory Committee discusses margin volatility and LIBOR transition challenges
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on July 21 via teleconference, covering a wide range of topics including the impact of the pandemic on derivatives markets, the current status of the transition away from the Libor benchmark, and an upcoming report on climate-related financial risks.
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FIA comments on CFTC bankruptcy proposals for FCMs and clearinghouses
FIA commented on the CFTC’s recent update to Part 190 of the agency’s regulations dealing with the bankruptcy of FCMs and clearinghouses.
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CFTC’s Technology Advisory Committee applauds flexibility in electronic trading proposal
The U.S. Commodity Futures Trading Commission’s Technology Advisory Committee held a wide-ranging public meeting via teleconference on July 16. TAC subcommittees offered several short presentations on topics including the recently proposed electronic trading risk principles, cybersecurity, data security, virtual currencies and distributed ledger technology.
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FIA Supports legislative efforts to grant CCPs access to the Federal Reserve deposit accounts
FIA and ISDA sent a letter to U.S. Rep. Emmanuel Cleaver (D-Mo.) and other Congressional leaders in support of legislative efforts to grant derivatives clearinghouses access to deposit accounts offered by the U.S. Federal Reserve.
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Insights into penalty guidance - Q&A with CFTC enforcement director James McDonald
In May 2020, the Commodity Futures Trading Commission's Division of Enforcement issued updated guidance—the first since 1994—outlining factors it will consider in recommending civil monetary penalties in enforcement actions. To help FIA members understand the significance of this guidance, Allison Lurton, FIA's general counsel, conducted a live interview with James McDonald, the CFTC's head of enforcement.
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CFTC withdraws Reg AT, advances supplemental electronic trading proposal
Commission also finalizes rulemakings on post-trade name give-up, covered funds and margin requirements
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