FSB to G20: Past Agreement Implementation “Imperative”

In a letter from Financial Stability Board (FSB) chair Mark Carney to G20 finance ministers and central bank governors in advance of the weekend G20 meeting in Shanghai, Carney notes “The imperative now is to implement fully and consistently the G20’s past agreements.” In the letter, Carney notes that more difficult economic and financial conditions […]
Read More »

CFTC Extends Swap Consultation Period

The Division of Market Oversight and Office of Data and Technology staff at the Commodity Futures Trading Commission have extended the request for comment period on the draft technical specifications for certain prioritised swap data elements and associated questions. The comment period will be extended to March 7, 2016. “This extension will allow the CFTC’s […]
Read More »

ESMA Consults on Benchmarks

The European Securities and Markets Authority (ESMA) has published a discussion paper regarding the technical implementation of the incoming benchmarks regulation. ESMA says it is seeking stakeholder’s input to inform its future proposals on draft Regulatory Technical Standards (RTS) and Technical Advice (TA) to the European Commission. The regulation’s objective is to “improve the governance […]
Read More »

CFTC Designates NFA as a Recipient of SDR Data

The US Commodity Futures Trading Commission (CFTC) has issued a formal order authorising the National Futures Association (NFA), the only registered futures association (RFA) registered with the CFTC, to be a designee to receive access to data maintained by swap data repositories (SDR). As a condition to the order, access and use is limited to […]
Read More »

Eurobase Extends FMR Advisory Link

Software provider Eurobase has partnered with FMR Advisory to support its strategic focus on providing consultancy and software solutions to financial organisations impacted by MiFID II. Eurobase says it has targeted its recent product investment to providing a universal solution to meet the regulatory demands brought about by MiFID II. During this period the firm […]
Read More »

European Regulators Push MiFID II Deadline Back to 2018

The European Commission has proposed a one-year delay to the implementation of MiFID II. The Commission says that this delay is “to take account of the exceptional technical implementation challenges faced by regulators and market participants”. The new deadline by which the national competent authorities and market participants have to comply with the MiFID II rules is […]
Read More »

EU, US Regulators Agree Common CCP Rules

The European Commission (EC) and the US Commodity Futures Trading Commission (CFTC) have today announced the agreement of a common approach regarding requirements for central clearing counterparties (CCPs). Following the agreement, the EC says it intends to shortly adopt an equivalence decision with respect to CFTC requirements for US CCPs, which will allow the European […]
Read More »

CFTC $80m Funding Increase Requested

The US President’s office is requesting an $80 million increase in the Commodity Futures Trading Commission’s (CFTC) budget for the fiscal year 2017. In the budget report released Tuesday it shows the President is requesting from the Committee on Appropriations a budget of $330 million and 897 full-time equivalents (FTE) for the CFTC next year. […]
Read More »

Australia Provides Feedback on Rate Setting Process

The Council of Financial Regulators (CFR), the coordinating body for Australia’s main financial regulatory agencies, has released a discussion paper on the evolution of the Bank Bill Swap Rate (BBSW), Australia’s rate setting mechanism. The document summarises the feedback received from 15 submissions, but also sets out a proposal for the evolution of the BBSW […]
Read More »

FX Fraudster Hit With $10m in Fines

4X Solutions (4X) and its principal, Whileon Chay, have been fined more than $10m in connection with an FX trading ponzi scheme. A judge in the Southern District of New York ordered 4X and Chay jointly and severally to disgorge roughly $2.8 million and pay a civil monetary penalty of just over $8.2 million for participating […]
Read More »
1 2 3 4 5 45 51 52 53 54 55

Profit & Loss is no longer publishing

Thank you for 21 great years of support