Derivs - Regulation

A new report from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has set out the governance of key over-the-counter (OTC) derivatives data elements.

The US Federal Reserve has given its final approval to amendments of the Volcker Rule, joining four other US regulatory agencies in backing relaxations of prop trading restrictions.

LBBW and JP Morgan have claimed first execution of an electronically negotiated euro short-term rate (€STR) swap transaction, on Bloomberg’s UK multilateral trading facility (BMTF).

The European Securities and Markets Authority has issued a call for evidence on the effects of product intervention measures regarding CFDs and binary options on market participants and clients.

Steven Maijoor, chair of the European Securities and Markets Authority, has pointed to challenges on the path to reform of euro risk free rates, and highlighted fallbacks as his organisation’s most important next hurdle.

US Commodity Futures Trading Commission chairman Heath Tarbert has followed in the footsteps of his predecessor, Christopher Giancarlo, in issuing a strong warning on the European Union’s EMIR 2.2 rules.

Trading turnover of FX swaps has increased by more than a third to $3.3tr a day during the past three years, outpacing growth in spot markets, according to the Bank of International Settlements’ triennial survey of the global FX market, released this week.

Michael Zollweg is standing down as head of the Frankfurt Stock Exchange and Eurex Germanys' trading surveillance office, the body that supervises trading on both bourses.

The Federal Deposit Insurance Corporation (FDIC) has proposed to ease derivatives rules for US banks, including swap margin requirements.

The Democrat side of the US Commodity Futures Trading Commission has come out swinging against agreed changes to the Volcker rule.

The US Commodity Futures Trading Commission (CFTC) has ordered Tullett Prebon Americas to pay a total of $13m in relation to alleged supervisory failures and making false or misleading statements.

The Options Clearing Corporation (OCC) is to pay $20m in penalties and undertake remedial efforts as part of a settlement with the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC).