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Regulation

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  • The National Futures Association has started building an infrastructure for overseeing swap dealers in anticipation of being handed some of the regulatory reins for the market.
  • A proposed rule by the U.S. Commodity Futures Trading Commission that would require trades to be confirmed in a short period of time will create hardships for end users, according to panelists at the Markit Evolving OTC Market Landscape conference in London yesterday.
  • The China Banking Regulatory Commission has defied market expectations by passing up the opportunity to outline its position on China’s nascent credit derivatives market, reinforcing fears that the market could be shuttered or be subject to a change in rules.
  • Advisors to major derivative firms are offering different strategies in the wake of Dodd-Frank provisions that pertain to corporate governance and legal structure.
  • The Basel Committee on Banking Supervision at the Bank for International Settlements today issued its final report giving recommendations on how to align risk and performance through compensation.
  • A recent announcement from the China Securities Regulatory Commission makes it possible for onshore securities companies in China to create subsidiaries that may trade derivatives–a move lawyers say could change the landscape of the market as it breaks the monopoly held by banks.