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  • Fitch Solutions reported that its credit default swaps liquidity score signals “high levels of uncertainty on the prospects of consumer-services companies,” especially in Europe and North America.
  • Indian regulators want to expand the types of over-the-counter derivatives available, but will only do so while improving pre- and post-trade infrastructure and consolidating the regulatory regime to promote financial stability, according to Subir Gokarn, deputy governor of the Reserve Bank of India.
  • Regulators of European Union member states are pressing to keep the power to authorize foreign clearinghouse to operate in the region.
  • Some of Europe’s largest companies have expressed concern that an effort to implement global financial reform will cost them a proposed exemption found in the European Market Infrastructure Regulation.
  • CBOE Holdings, NYSE Euronext and Nasdaq OMX Group are setting aside their differences to work together against a Securities and Exchange Commission proposal that would cap fees for on-exchange options transactions. The proposal, introduced by the regulator just over a year ago, suggested a USD0.30 per contract cap on transaction fees based the fee cap on Reg NMS stock in place for equities exchanges.
  • The Australian Securities and Investments Commission is recommending new laws that would require retail over-the-counter derivatives players to report 12-month cash flow projections and also increase their capital requirements, according to a proposal paper issued today.