Derivatives

Commodity derivatives: Position reporting and position limits under MiFID II

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Commodity derivative trading is just one of the many topic areas under MiFID II that firms need to ensure they are prepared for before 3 January 2018. One set of measurements in this area is that firms will be required to report commodities positions to National Competent Authorities (NCAs) on a daily basis. Another is

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DerivSource Article on Dodd Frank: No Foot off of the Transparency Pedal

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Lynn Strongin Dodd’s July 13, 2017 Article “Dodd Frank: Scale of Change Remains Uncertain”, covers all aspects of the regulation in light of the new Administration’s stated position to dismantle it.

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EU Benchmarks: Time to Take Inventory

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Some middle office and compliance managers will soon have their work cut out for them creating a benchmark inventory management process to show European regulators that they use approved benchmarks. Effective January 1, 2018, the European Benchmark Regulation (BMR) will require that European Union-supervised entities who want to enter into financial contracts or instruments referencing […]

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Bloomberg’s FIGIs: Global Accreditation for ID Codes Next?

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Data giant Bloomberg is inching closer to achieving its dream of having its FIGI identification codes recognized as a global standard on equal footing with the International Securities Identification Number (ISIN, ISO 6166). What may be an inch now could become an important milestone next month if Bloomberg is successful. Thirty-one participating members of the […]

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Elena Gaetini Interview – EMIR RTS Needs Your Attention

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Elena Gaetini, a panelist at “The Future Of Post-Trade” event on May 22, 2017, was interviewed regarding the looming November 1 deadline for compliance with ESMA’s RTS for EMIR Article 9 Transaction Reporting. ESMA

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Compliance Officers: Uniform CFTC and SEC Rules?

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What possible difference could a few words make? Apparently a lot for chief compliance officers of large swap dealers, fund managers, and clearing firms. They must be breathing a sigh of relief now that the Commodity Futures Trading Commission has proposed to harmonize the rules for CCOs with those of the Securities and Exchange Commission. […]

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Expanding the Reach of the Commodity Exchange Act’s Antitrust Considerations

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Posted by Gregory Scopino, Georgetown University Law Center, on Saturday, May 13, 2017

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New Tax on US Convertible Bonds: Taxing Air?

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The US Internal Revenue Service wants withholding agents to collect tax on upticks of the rights of convertible bondholders, despite protests that the levy is nothing more than “tax on air.” That’s how some tax attorneys and operations specialists view the IRS’ Section 305(c) rule on taxing adjustments to the conversion ratio of US convertible financial instruments, as […]

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“The Race is On” – Lloyd Altman quoted in Best Execution

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Dan Barnes’ April 22 article in Best Execution, “FinTech:RegTech: The Race Is On”, focuses on how the Reg Tech market provides the  right collection of solutions to help firms meet regulatory changes, challenges, and deadlines.BestEx-RED_HelvLt_600x138

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Numbering Agencies Invest in New OTC ISIN Bureau  

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Swap dealers and other financial market players can now rest assured that a new numbering agency for over-the-counter derivatives contracts will have sufficient funding to be launched just in time to meet the reporting requirements of the second incarnation of Europe’s Markets in Financial Instruments Directive (MiFID). That doesn’t mean they will be entirely satisfied with who the Association […]

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