Americas News
The latest industry and regulatory news affecting North and South America.
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CFTC Market Risk Advisory Committee discusses clearing firm consolidation, operational resilience, and CCP risk
The US Commodity Futures Trading Commission held a meeting of the Market Risk Advisory Committee on 11 December to discuss several current policy issues affecting the derivatives industry.
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FIA and ISDA respond to CFTC recovery and wind-down plans for DCOs
FIA and ISDA have responded to the Commodity Futures Trading Commission's notice of proposed rulemaking on recovery and orderly wind-down plans for derivatives clearing organizations. The associations welcome the CFTC proposal and make several recommendations.
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FIA responds to CFTC risk management proposals for FCMs
FIA has filed a comment letter responding to the Commodity Futures Trading Commission’s advanced notice of proposed rulemaking on risk management program (RMP) regulations for futures commission merchants and swap dealers.
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FIA signs letter to SEC on negative impacts of Safeguarding Advisory Client Assets proposal
FIA has joined with a diverse set of trade associations – 26 in total – in sending a letter to US Securities and Exchange Commission Chair Gary Gensler urging the SEC not to adopt the Safeguarding Advisory Client Assets proposed rule in its current form.
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CFTC codifies no-action relief on DCO reporting
The US Commodity Futures Trading Commission finalized a rule on reporting requirements for Derivatives Clearing Organizations (DCOs) at a public meeting on July 26, codifying existing no-action relief from the agency and forgoing previous proposals that would have required additional reporting related to cyber-related incidents.
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CFTC continues to explore its role in voluntary carbon markets
The US Commodity Futures Trading Commission held its second "voluntary carbon markets convening" on 19 July to gather expert input on the state of the carbon markets.
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FIA defends importance of settlement and price discovery in Texas court filing
FIA has filed an amicus brief with the Supreme Court of Texas in the case of Public Utility Commission of Texas v. Luminant Energy Company, stressing the importance of finality of settlement and price discovery in Texas’ wholesale electricity and related derivatives markets.
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FIA Board Chair testifies before US House Committee
The US House Agriculture Committee held a committee hearing March 9 titled "Rising Risks: Managing Volatility in Global Commodity Derivatives Markets.”
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CFTC Chair Behnam discusses rulemaking agenda before US Congress
The US Senate Agriculture Committee held a hearing on 8 March featuring Rostin Behnam, chairman of the US Commodity Futures Trading Commission, to discuss the agency's current and future priorities. Topics included cyber risks, digital assets and retail participation.
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FIA announces Cyber Risk Taskforce at CFTC meeting
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee on March 8, and the recent cyber-attack on one of the industry's technology service providers was one of the main topics of discussion. FIA President and CEO Walt Lukken, one of the speakers invited to address this issue, described FIA's role in the industry's response to the attack and announced the formation of a Cyber Risk Taskforce to examine the longer-term implications for cleared derivatives markets.
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