Clients are ready to clear in both London and Frankfurt, but UK access should not be cut off, speakers say at FIA event
CONTINUE READINGTrading volume on swap execution facilities reached $746.8 billion in average notional value per day during April 2021.
CONTINUE READINGThe Brexit divorce was a long-drawn-out process which laid bare tensions over how best to oversee derivatives markets and enable continued cross border market access. The MoU between the UK and the EU is now complete but mutual equivalence appears a long way off.
CONTINUE READINGThe Association for Financial Markets in Europe (AFME), the Futures Industry Association (FIA), the International Capital Market Association (ICMA), the International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have jointly published an updated statement that can be used to help market participants comply with Article 15 of the Securities Financing Transactions Regulation as it forms part of ‘retained EU law’ as defined in the European Union (Withdrawal) Act 2018 (UK SFTR).
CONTINUE READINGThe transition away from LIBOR passed a key milestone on 11 May when trading in futures based on SONIA, the interest rate benchmark tapped to replace the benchmark in the UK, hit a new high relative to traditional short-term interest rate futures
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 4.49 billion contracts in the month of April, down 19.3% from the previous month but up 35% from April 2020.
CONTINUE READINGThe UK is poised to launch its own carbon market on 19 May with the first auction of carbon allowances and the listing of futures on ICE Futures Europe
CONTINUE READINGIn 2018, the CFTC Division of Enforcement established a Bank Secrecy Act task force dedicated to investigating and enforcing AML regulations. In October 2019, the CFTC, the SEC and FINCEN issued a joint statement highlighting the importance of AML compliance in matters involving securities, commodities, derivatives and digital assets.
CONTINUE READINGIn a letter filed with the SEC today, the FIA Principal Traders Group (FIA PTG) urged the Commission not to approve the amended Consolidated Audit Trail (CAT) funding proposal.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
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