Tag: CFTC

CFTC

CFTC Commissioner Calls for Agency to Table Non-Critical Work

In the wake of a vote today on digital assets action, Commodity Futures Trading Commission (CFTC) commissioner Rostin Behnam today called on the agency to focus its sights on monitoring market and institutional stability and resiliency. “We are collectively facing uncertainty in all aspects of our personal and professional lives as a result of COVID-19, […]

CFTC Issues Final Guidance on Delivery for Digital Assets

The Commodity Futures Trading Commission (CFTC) today announced the commission voted unanimously to approve final interpretive guidance concerning retail commodity transactions involving certain digital assets. Specifically, the guidance clarifies the CFTC’s views regarding the “actual delivery” exception to Section 2(c)(2)(D) of the Commodity Exchange Act (CEA) in the context of digital assets that serve as […]

CFTC Extends Relief for UMR

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert today released a statement outlining the commission’s unanimous vote last night to finalise a one-year extension of the initial margin compliance deadline for market participants with the smallest uncleared swaps portfolios. “I am committed to ensuring that initial margin remains a core risk-mitigating component of the global […]

CFTC Praised for Relief to Market Participants

The Commodity Futures Trading Commission (CFTC) has issued a raft of no-action letters granting market participants relief from several regulatory requirements. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued the letters providing temporary, targeted relief to futures commission merchants (FCMs), introducing brokers, swap dealers, retail foreign exchange dealers, floor brokers, and other […]

In the FICC of It

On this week’s podcast Colin Lambert casts his eye over the week’s news, before he is joined by Matthew Kulkin, partner at US law firm Steptoe, and former director of the CFTC’s Division of Swap Dealer and Intermediary Oversight, to discuss all matters regulatory. Lambert is pleased to find out that one of his observations […]

CFTC Unanimously Approves Reporting Rule Changes

The US Commodity Futures Trading Commission (CFTC) has unanimously approved two proposed rules to revise CFTC regulations for swap data reporting, dissemination, and public reporting requirements for market participants. The Commission also unanimously approved re-opening the comment period of a proposed rule to amend certain agency regulations related to swap data repositories. All three measures […]

And Another Thing…

I have been away in the wilds of Australia for a week so a little rusty on what’s hot, but something did catch my eye as I was waiting for my flight home yesterday – yet another realisation by US authorities that they may have got something wrong in their post-GFC rush to regulate everything […]

Arrest Made as CFTC Files Charges over Digital Assets Scheme

The Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in New York against defendants Q3 Holdings and Q3 I, and their principal, Michael Ackerman, for allegedly fraudulently soliciting over $33 million to purportedly trade digital assets and misappropriating a substantial portion of that total. In a separate action, the US Attorney’s […]

Former HSBC Flow Rates Head Charged by CFTC

The US Commodity Futures Trading Commission (CFTC) has filed civil enforcement action in the US District Court for the Southern District of New York against Christophe Rivoire, former global head of flow rates at HSBC in New York, charging him with engaging in a deceptive scheme to manipulate the pricing of an interest rate swap between […]

CFTC Provides Relief to Market Participants Transitioning Away from Libor

Three divisions of the US Commodity Futures Trading Commission (CFTC) have announced that each has issued a no-action letter that provides relief to swap dealers and other market participants as it relates to the industry-wide initiative to transition from swaps that reference the London Interbank Offered Rate (Libor) and other interbank offered rates to swaps […]