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Lobbyists plead with European Commission for UK CCP extension
A 14-strong group of trade associations have co-authored a letter asking the European Commission to grant UK central counterparties (CCPs) urgent extensions to their temporary equivalence determinations.
14 Nov 2019 -
ESMA lays out future for third country CCPs
The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).
12 Nov 2019 -
CFTC fines Wells Fargo $14m for FX misprice
The US Commodity Futures Trading Commission on Friday ordered Wells Fargo to pay over $14m for its conduct involving a FX forward contract and compliance failures.
11 Nov 2019 -
EU members struggle with last hurdles on CCP resolution
The European Union’s finance ministries are nearing a deal on the draft legal text for central clearing counterparty (CCP) resolution. But they still disagree on the use of CCPs’ own funds in a recovery scenario, as well as on voting rights for smaller states in a resolution college.
11 Nov 2019 -
CFTC hands record fine to Tower Research Capital for spoofing
The US Commodity Futures Trading Commission has slapped Tower Research with a record $67.4m fine for spoofing in the equity futures market.
07 Nov 2019 -
Quintenz stays firm on hostile EU stance
The US Commodity Futures Trading Commission this week approved foreign boards of trade applications (FBOT) from European derivatives exchanges despite opposition from commissioner Brian Quintenz.
06 Nov 2019 -
Euroclear Finland onboards into T2S, ahead of ECMS
Euroclear Finland will join European securities settlement platform TARGET2-Securities in 2022, in time to also lock into the European Collateral Management System.
30 Oct 2019 -
CFTC creates new margin committee
The US Commodity Futures Trading Commission is setting up a new subcommittee in a bid to resolve concerns around margin requirements for non-cleared swaps.
29 Oct 2019 -
ESMA hurries regulators on improving data supervision
The European Securities and Markets Authority (ESMA) has called for improvement in national regulators’ supervision of derivatives data.
17 Oct 2019 -
The Old Lady needs to lead on Libor
The Bank of England should extend Libor beyond its set date of 2021 — or risk financial institutions setting their own rules.
17 Oct 2019
