FIA and CME respond to CFTC proposed rulemaking on investments for FCMs and DCOs
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 15.17 billion contracts in December, the highest level ever recorded. This was up 8.4% from November 2023 and up 79.7% from December 2022.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $322.3 billion in November, down 8.3% over the last 12 months.
CONTINUE READINGFIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its GSIB Surcharge Proposals. The changes would, on their own, increase the capital required to engage in client clearing activities by more than 58%.
CONTINUE READINGFIA estimates that top six US clearing banks would need more than $7.2 billion in additional capital for derivatives clearing services.
CONTINUE READINGFIA joined with the Securities Industry and Financial Markets Association in submitting a comment letter to US banking regulators regarding the operational risk elements of their proposed changes to US bank capital requirements.
CONTINUE READINGFIA strongly opposes provisions in the Basel III Endgame Proposal put forward by US bank regulators. In letters filed today with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, FIA outlines its concerns, stating that the proposals would dramatically increase capital requirements for derivatives clearing services that banks offer to their clients.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGVotes to approve report calling on the government to address risks in decentralized finance
CONTINUE READINGFIA has updated its CCP Tracker visualizations with data from the third quarter.
CONTINUE READING