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Regulation

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  • Regulatory burdens such as authorization for central counterparty clearinghouses are likely to hinder the launch of new products in Europe, noted Trevor Spanner, ceo of LME Clear, speaking at the 29th Annual Futures & Options Expo in Chicago.
  • U.S. equity option exchanges are considering a raft of action plans for securities information processors, such as looking at backups in the event of a technological failure.
  • DTCC Derivatives Repository and UnaVista are among the four trade repositories approved by the European Securities and Markets Authority under European Market Infrastructure Regulation today.
  • Mark Carney, governor of the Bank of England, and Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation are among the regulators pushing the International Swaps and Derivatives Association to change its master agreement to allow for delays in the closing out contracts when a credit event strikes.
  • Mark Carney, governor of the Bank of England, and Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation are among the regulators pushing the International Swaps and Derivatives Association to change its master agreement to allow for delays in the closing out contracts when a credit event strikes.
  • The U.S. Commodity Futures Trading Commission has issued a letter providing extended relief regarding registered swap execution facilities for fx swaps.