Regulation & Clearing

  • Trade associations call for benchmark regs rethink

    Trade associations call for benchmark regs rethink

    Four trade bodies have called for the EU Benchmarks Regulation (BMR) to be changed, in order to prevent what they see as the potentially disastrous consequences of third-country benchmarks ceasing to be allowed from the end of 2021.

    30 Jun 2020
  • Commissioners support end of name give-up rule

    Commissioners support end of name give-up rule

    Post-trade name give-up on swap execution facilities (SEFs) is set to be consigned to history as a majority of commissioners on the Commodity Futures Trading Commission (CFTC) came out in support of a rule that will largely restrict the practice.

    25 Jun 2020
  • EU moves fast on clearing resolution, knocks out open access

    EU moves fast on clearing resolution, knocks out open access

    The European Parliament reached a quicker than expected agreement on central counterparty clearing house recovery and resolution on Tuesday night, settling on a framework for second skin in the game requirements and also pushing open-access rules out for another year.

    24 Jun 2020
  • CCP resolution talks stumble over second skin

    CCP resolution talks stumble over second skin

    European Union institutions failed on Friday to reach a deal on a clearing resolution scheme, due to disagreements on whether the second skin in the game should be prefunded or not. The EU Commission is now suggesting a middle way that will be debated on Tuesday evening.

    23 Jun 2020
  • EU institutions eye long-awaited CCP deal

    EU institutions eye long-awaited CCP deal

    Members of the European Parliament and representatives of member states hope to clear the last hurdles for an agreement on a draft regulation on recovery and resolution of central counterparty clearing houses (CCPs) by the end of this month.

    18 Jun 2020
  • ESMA leaves door open to open access extensions

    ESMA leaves door open to open access extensions

    The European Securities and Markets Authority (ESMA) has given potential leeway to national competent authorities (NCAs) considering the introduction of open access rules next month.

    11 Jun 2020
  • Stronger CMU proposed to tackle coronavirus crisis

    Stronger CMU proposed to tackle coronavirus crisis

    A group of market participants and experts selected by the European Commission produced a series of proposals for the Capital Markets Union in a report published on Wednesday, as the coronavirus crisis gave new impetus to the project.

    10 Jun 2020
  • Crisis Talk — with Christopher Giancarlo, former CFTC chairman

    Crisis Talk — with Christopher Giancarlo, former CFTC chairman

    Chris Giancarlo was the 13th chairman of the Commodity Futures Trading Commission, the US’s top derivatives regulator, until last year. Before his five years at the helm of the CFTC he enjoyed a successful career on Wall Street, which included a 13-year stint as executive vice-president of GFI Group. Since leaving the commission he has focused on digital asset technology, in particular the development of a digital dollar. GlobalCapital caught up with Giancarlo to discuss regulation during the coronavirus crisis and the future of cryptocurrencies.

    03 Jun 2020
  • More flex likely on IM as CFTC committee votes for new waiver

    More flex likely on IM as CFTC committee votes for new waiver

    The US Commodity Futures Trading Commission’s global markets advisory committee, a steering group made up of market participants, has recommended that the regulator provide a further six month grace period for compliance with initial margin requirements.

    21 May 2020
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