Being a limey I forgot to think that the 5 CFTC commissioners don’t stay in their jobs for life, here’s when they are due to either retire, or be extended: Scott O’Malia 15th April 2015 Jill Sommers 13th April 2014 (but is planning to resign early) Bart Chilton 13th April 2013 (He remains in office […]
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Tag Archives: cftc
The echo of CFTC’s approval on Final SEF Rules
May 17, 2013 
0 Comments
Yesterday, the CFTC met to vote on final rules for swap execution facilities (SEFs). The Commission’s five members voted in a public meeting on new platforms for swaps that will bring bilateral trading to an end, and transfer trades to centralized, transparent marketplaces. A lot of criticism on these decisions is already loudly expressed from some of […]
Read moreThe CFTC has approved SEF rules, block rules, MAT rules
May 16, 2013 4 Comments
Almost unbelievably, the CFTC has voted in favor of the trade execution rules. The CFTC voted 3-2 to pass the Swaps Blocks Rule. The CFTC also voted 3-2 to approve the Made Available to trade rule. The agency voted 4-1 to pass the SEF rules. Lastly, the Commissioners voted unanimously to approve the Interpretive Guidance […]
Read moreCrossing the Line | ISDA Media Comment
May 3, 2013 1 Comment
An interesting post over at ISDA media comment on the alleged resistance from major central banks and foreign regulators to cross-border derivatives regulation. The post highlights the author’s views on the original article published in the NY times (link here), which projects the concerns of global policy makers as a hindrance to regulators rather than […]
Read moreDTCC sues CFTC over trade repositories
May 3, 2013 1 Comment
DTCC yesterday filed a suit against the CFTC over its March ruling (CME Rule 1001 and ICE rule 211) that sided with exchanges, calling the CFTC ruling as ‘anti-competitive’. The statement from General Counsel Larry Thompson on this matter can be found here, along with the soft copy of the filing. Coverage from FT can […]
Read moreSome traders expect OTC volumes dip from CFTC KYC rule | IFR report
May 2, 2013 3 Comments
The documentation protocols for buy-side accounts under the CFTC regulations went into effect on May 1, 2013. Despite warnings from dealers in the months leading up to the May 1st timeline, it appears that a significant percentage of buy-side firms did not sign up to the protocols (requiring them to disclose detailed information to their […]
Read moreCFTC Provides No-Action Relief from SDR Requirements to Swap Counterparties that are not SD or MSP
April 10, 2013 2 Comments
Yesterday, the CFTC provided a no-action relief to all swap counterparties not being an SD or MSP that they do not need to report trades to a swap data repository. The relief runs until end-May, end-July, end-September and end-October respectively depending on the counterparty’s status as well as the relevant instrument type. It is being […]
Read moreOptimizing the Cost of Customization for OTC Derivatives End Users
March 28, 2013 0 Comments
Optimizing the Cost of Customization for OTC Derivatives End Users For those of you who haven’t seen it I recommend the article with the above title in the paper at the attached link (starts on page 69) published by the Institute for Financial Markets and written by Sean Owens from Woodbine Associates (a research-based consulting […]
Read moreISDA publishes March 2013 Dodd-Frank Protocol 2.0
March 26, 2013 1 Comment
The International Swaps and Derivatives Association (ISDA) has published the ISDA March 2013 Dodd-Frank Protocol (DF Protocol 2.0), which is intended to facilitate industry compliance with three final rulemakings by allowing market participants to: supplement the terms of existing written agreements under which parties may execute swaps; or enter into an agreement to apply selected […]
Read moreCFTC, Dodd Frank, EMIR, ISDA
Authors
Amir Khwaja
Ben Larah
Michael Beaton
corinaki24
Jon Skinner
Mihir Vaidya
Maria Leontiou
samihodgson
Bill Hodgson
Tom Riesack- Safe and profitable markets? | FTSE Global Markets
- EMIR developments | Round up
- CFTC Commissioners Expiry Dates | Not a Job For Life
- O’Malia speech – useful synopsis of what’s not yet regulated
- Useful Roundup of SEF rules plus Q&As
- Domain Name Scam
- Standardised OTC swaps (TrueEx) to launch within weeks – Risk.net
- Beat the Experts
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Official Timeline for EMIR
- Price Alignment Interest
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stef: Received two emails from tony xu exactly the same ...
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Pey: I got the same email from sandy@dg-network.net.cn ...
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Bill Hodgson: Tom, you're supposed to provide answers ;-) I b...
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Tom Riesack: Gents, two questions around trade respository repo...
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Stephen: I got this one this morning! Knew it was a scam ju...
