The Bank of England on Jan. 15 released a staff working paper studying the impact of Dodd-Frank rules requiring that certain interest rate swaps be traded on swap execution facilities.
CONTINUE READINGThe European Energy Exchange, a unit of Deutsche Boerse, has expanded eastward.
CONTINUE READINGTullett Prebon named veteran futures industry executive Nicolas Breteau (pictured) as chief commercial officer, based in London.
CONTINUE READINGOn Feb. 1, FIA and ISDA submitted a response to ESMA's Consultation Paper reviewing Article 26 of RTS No 153/2013 regarding the margin period of risk (MPOR) for client accounts.
CONTINUE READINGSeveral years ago a group of buy-side firms came together in an effort to lead the interest rate swap market towards greater standardization of contract terms.
CONTINUE READINGCentral bank officials working under the auspices of the Bank for International Settlements released two reports on Jan. 21 that analyze trends in global fixed income markets.
CONTINUE READINGIndustry experts discuss the structural shifts they are seeing as the derivatives industry moves to modernise its markets.
CONTINUE READINGFCMs are currently relying on no-action relief that allows them to separately margin accounts of the same beneficial owner. This rule marks the second attempt by the CFTC to codify that relief. FIA’s letter asks the CFTC to codify the relief as written without laying on additional highly prescriptive requirements that limit FCM discretion to risk manage accounts.
CONTINUE READINGUnder current rules, US-based commodity pool operators, commodity trading advisers, futures commission merchants and prop firms can directly access Foreign Boards of Trade. The pending rule would include US-based introducing brokers among the permissioned registrants. FIA’s letter supports the proposed expansion, noting that adding introducing brokers to the mix should provide more brokerage options for US customers and promote liquidity in foreign products.
CONTINUE READINGFIA has urged the CFTC to take a "technology-neutral" approach and focus on "outcomes and use cases" rather than the technology itself. FIA also urged the CFTC to consider the applicability of its existing rules and regulations before presupposing that new, AI-specific regulations are needed.
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