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Regulation

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  • Source: Al Hilal Group
  • The progression from voice-trading exotic options to electronic trading platforms will not be immediately transferable, according to a report by Aite Group, an investment research firm.
  • The disclosure of information in synthetic exchange traded funds related to collateral, embedded costs and counterparties needs to be greater, according to a report by Morningstar.
  • The Monetary Authority of Singapore is slowing down the roll out of its mandatory clearing rules, with September now the likely goal for a finalized framework.
  • Fund managers and commodity pool operators have received additional assurance from U.S. regulators regarding a ‘look-through’ provision that may have precluded them from entering into over-the-counter fx transactions for certain clients post Dodd-Frank implementation.
  • Department of Labor rules regarding prohibited transactions and fiduciary obligations will make it tough for swap dealers to clear over-the-counter swaps for pension plans under Dodd-Frank if guidance or exemptions are not provided. Implementation is slated for November and DoL often acts with glacial speed, which has the industry very concerned.