US Regulation

Swap Dealer Rule Change Could Benefit Buy-Side

A revision of the swap dealer rule suggested by Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia could avoid a reduction in buy-side counterparties due to a lower threshold requirement, according to Sean Owens, director of fixed income for consultancy Woodbine Associates. The Trade News: Swap Dealer Rule Change Could Benefit Buy-Side.

ICAP Seeks CFTC Oversight of London Swap-Trading Amid U.S. Suit

ICAP Plc (IAP) is seeking U.S. oversight of an overseas swap-trading platform a month after Wall Street lobbying groups sued the Commodity Futures Trading Commission trying to curb the agency’s international reach. Bloomberg: ICAP Seeks CFTC Oversight of London Swap-Trading Amid U.S. Suit.

US Energy Firms Facing Dodd-Frank Trade Reporting ‘Nightmare’

Differing approaches of swap data repositories haunt energy companies trying to reconcile trades. Risk: US Energy Firms Facing Dodd-Frank Trade Reporting ‘Nightmare’.

As New CFTC Head, Timothy Massad Would Have to Play Enforcer

Assad must put new derivatives rules to work if he becomes chairman of the CFTC. Institutional Investor: As New CFTC Head Timothy Massad Would Have to Play Enforcer.

International & Other Regulation

New SwapsInfo Site from ISDA | More Charts Than You Can Handle

ISDA have built their own charting and analysis site using the data from the DTCC SDR, an example is below and there is a regular blog with analysis of the market.

• The OTC Space: New SwapsInfo Site from ISDA | More Charts Than You Can Handle
• DerivAlert: Isda Launches SwapsInfo.

ISDA Readies CSA Negative Interest Protocol

ISDA is in the final stages of preparing its ISDA 2014 Collateral Agreement Negative Interest Protocol (the “Protocol”) for publication. Regulatory Reform: ISDA Readies CSA Negative Interest Protocol.

Credit Derivatives Definitions Pushed Back Until September | ISDA

In a press release published today, ISDA announced that the release of the 2014 Credit Derivatives Definitions will be pushed back until September 2014. The OTC Space: Credit Derivatives Definitions Pushed Back Until September | ISDA.

Do YOU Know Your Regulatory Data?

Miffed by MiFID? UTI/USI/LEI/UPIs causing pain?  Fatigued by FATCA? Crying over CRDIV? RegTechFS: Do YOU Know Your Regulatory Data?

Consultation Paper: Feasibility Study on Approaches to Aggregate OTC Derivatives Data

G20 Leaders agreed, as part of their commitments regarding OTC derivatives reforms, that all OTC derivatives contracts should be reported to trade repositories (TRs). Financial Stability Board: Consultation Paper: Feasibility Study on Approaches to Aggregate OTC Derivatives Data.

U.S. Said Near Deal With EU on Reprieve for Swap-Trade Rules

U.S. and European Union officials are nearing a deal to grant EU swap-trading platforms a reprieve from Dodd-Frank Act rules set to take effect next week, according to two people with knowledge of the negotiations. Bloomberg: U.S. Said Near Deal With EU on Reprieve for Swap-Trade Rules.

Asian Clearing Houses Waiting for CFTC to Outline DCO Exemption Process

SGX still the only Asian exchange with US regulatory approval. Risk: Asian Clearing Houses Waiting for CFTC to Outline DCO Exemption Process.