SIFMA today released the following statements after the Commodity Futures Trading Commission (CFTC) voted on final rules governing swap execution facilities (SEFs).
The Depository Trust & Clearing Corporation (DTCC) General Counsel Larry Thompson today issued the following statement:
I thank you, Scott, for your leadership in bringing this committee together. It's been a great effort of yours. You've done an excellent job throughout the years, and today's meeting couldn't come at a more timely moment.
Bloomberg has filed a lawsuit against a US derivatives regulator over new margin rules that differentiate between swaps and futures.
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (together, the Commissions) today are jointly issuing final rules and guidelines to require certain regulated entities to establish programs to address risks of identity theft.
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order requiring Interactive Brokers LLC (IB) of Greenwich, Conn., to pay a $225,000 civil monetary penalty for failing to calculate the amount of customer funds on deposit, the amount of funds required to be on deposit in customer segregated accounts, failing to maintain sufficient U.S. dollars (USD) in customer segregated accounts in the United States to meet all USD-denominated obligations, and supervision failures.
A former Goldman Sachs trader has pleaded guilty to fabricating trades on a manual system to hide an unauthorised $8.3 billion futures bet.
New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.
Today, swap dealers, major swap participants and private funds active in the swaps market are required to begin clearing certain index credit default swaps (CDS) and interest rate swaps that they entered into on or after March 11, 2013.
The Commodity Futures Trading Commission (Commission) has approved a request from the Chicago Mercantile Exchange Inc. (CME) to adopt new Chapter 10 and new Rule 1001 of CME's rulebook. The new rule provides that:
© Finextra Research 2013