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FSB finds limited progress on G20 reforms
The Financial Stability Board has pointed to scant progress in the implementation of over-the-counter derivatives reforms during the past year.
15 Oct 2019 -
FCA fines Tullett Prebon £15.4m
The UK’s Financial Conduct Authority has fined interdealer broker Tullet Prebon £15.4m over various alleged failings, including broker conduct. The FCA claimed “lavish entertainment” and a “lack of controls” had allowed improper trading to take place.
11 Oct 2019 -
Unresolved DTO saga furrows path to SEFs
Antagonism between the United Kingdom and European Union in Brexit negotiations is making interest rate and credit swap market fragmentation more likely by the day, as market participants in both jurisdictions solidify backup plans to trade on US swap execution facilities (SEFs).
10 Oct 2019 -
CPMI and IOSCO lay out derivatives reporting roadmap
A new report from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has set out the governance of key over-the-counter (OTC) derivatives data elements.
09 Oct 2019 -
Fed adds support to Volcker changes
The US Federal Reserve has given its final approval to amendments of the Volcker Rule, joining four other US regulatory agencies in backing relaxations of prop trading restrictions.
09 Oct 2019 -
JPM and LBBW execute first electronic €STR swap
LBBW and JP Morgan have claimed first execution of an electronically negotiated euro short-term rate (€STR) swap transaction, on Bloomberg’s UK multilateral trading facility (BMTF).
08 Oct 2019 -
ESMA calls for evidence on CFD and binary option restrictions
The European Securities and Markets Authority has issued a call for evidence on the effects of product intervention measures regarding CFDs and binary options on market participants and clients.
30 Sep 2019 -
Maijoor prioritises fallbacks in euro transition
Steven Maijoor, chair of the European Securities and Markets Authority, has pointed to challenges on the path to reform of euro risk free rates, and highlighted fallbacks as his organisation’s most important next hurdle.
26 Sep 2019 -
New CFTC chair sticks to predecessor's guns on EMIR 2.2
US Commodity Futures Trading Commission chairman Heath Tarbert has followed in the footsteps of his predecessor, Christopher Giancarlo, in issuing a strong warning on the European Union’s EMIR 2.2 rules.
25 Sep 2019 -
Brexit, rise of private debt and regs fuel FX swaps
Trading turnover of FX swaps has increased by more than a third to $3.3tr a day during the past three years, outpacing growth in spot markets, according to the Bank of International Settlements’ triennial survey of the global FX market, released this week.
19 Sep 2019
