Derivs - Regulation
-
EU Commissioner Valdis Dombrovskis on Tuesday moved to reassure derivatives markets that the Commission would enact measures to avoid market disruption to clearing in a hard Brexit scenario.
-
The European Central Bank is pushing for greater powers over EU-based derivatives clearing houses, according to a leaked ECB presentation obtained by GlobalCapital. The move follows a successful effort by the ECB to gain powers over foreign clearing houses.
-
European Commission officials have played down concerns expressed by the Commodity Futures Trading Commission over a controversial EC proposal that seeks to revise European oversight of foreign clearing houses. The comments garnered a curt response from a senior CFTC official.
-
The UK Treasury has published a draft statutory instrument that will allow UK authorities to properly oversee UK over-the-counter (OTC) derivatives markets in “any scenario” after the UK leaves the European Union.
-
Friction is building in the FX derivatives market over the implementation of the Markets in Financial Instruments Regulation (MiFIR), with market participants confounded by European regulators’ instructions on how FX swaps should be reported.
-
The Basel Committee for Banking Supervision (BCBS) on Thursday launched a consultation to address a quirk of Basel capital rules reviled by many derivatives clearers.
-
US Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo has threatened to retaliate over European Commission legislation that Giancarlo thinks would result in “conflicting” and “overly burdensome” regulation from abroad.
-
The Bank of England has noted progress in the development of the sterling overnight index average rate (Sonia) as an approved alternative reference rate, while also flagging the continued production of long-dated contracts tied to Libor.
-
The UK Financial Conduct Authority (FCA) said on Wednesday that the financial services industry positively received its plans to automate regulatory reporting requirements in the main.
-
Rostin Behnam, a commissioner at the US Commodity Futures Trading Commission (CFTC) flagged potential issues in the governance and risk management of clearing houses (CCPs) on Tuesday.
-
UK Financial Conduct Authority (FCA) chair Charles Randell invoked ancient Greek mythology during a speech on Tuesday in which he said that the FCA did not see Brexit as an “opportunity to join a race to the bottom in regulatory standards”.
-
The US Commodity Futures Trading Commission (CFTC) on Monday unveiled a much touted white paper on how the organisation's chairman, Christopher Giancarlo, would like to overhaul US oversight of foreign swaps markets.