My next piece in FTSE GM - a bit of a rant but considerable truth in the reality of reforming the capital markets. Are we really any safer? Will the markets be profitable? Do we need more Trade Repositories? Answers just a click away.
RTS defining contracts with ‘direct, substantial and foreseeable effect’
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:
A way through the fog of CFTC Title VII final rules, exemptive orders and no action letters is offered by Commissioner O'Malia's speech to Energy Risk 2013.
Yesterday, the CFTC met to vote on final rules for swap execution facilities (SEFs).
"European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (EMIR) because these decisions have the power to break up the over-the-
Things are moving fast in US and the first FCM has completed its production testing with CreditLink.
Allen & Overy published a short summary of EMIR key points and make some noteworthy comments.
On the 26th of July, open your wallet for the next book with a chapter by myself on the mechanics of clearing, plus a whole lot from David Murphy too.
The new process for registration of trades to meet the CFTC 60 second rule is planned to go live this coming weekend (May 18th).
Between the contributors to this website we ought to be able to answer any question on OTC derivatives and the
A dual track system to pave the way for a new benchmark tied more closely to objective data? At least this is what Martin Wheatley, the UK regulator leading efforts to reform the London Interbank Offered Rate, has told the Financial Times.
Not unexpected but interesting, the DTCC project to automate the full end-to-end lifecycle of margin calls, the Margin Transit Utility, has gathered steam, with Euroclear intending to support the service, and therefore streamline the entire busine
The CFTC have said they (the commissioners) will vote on SEF rules on the 16th, which includes a minimum of two quotes rather than five for the first 12 months, then rising to three.
If you need to run VaR on your laptop for fun, it will get easier this year... Now Is a Horrible Time To Buy a Laptop.
A really good update by Herbert Smith Freehills LLP over at Lexology about EMIR and three areas of change that will mostly affect Non Financial counterparties and
The NY Times yesterday printed an article (subs.