Derivs - Regulation

Klaus Löber has been selected by the European Securities and Markets Authority as chair of its CCP supervisory committee. ESMA has also picked two other members; all three will be assessed by the European Parliament.

Some of the world’s top-tier financial institutions want changes in how central counterparty clearing house (CCP) resolutions are executed.

A decision by the US Commodity Futures Trading Commission (CFTC) last week regarding European Union multilateral trading facilities (MTFs) and organised trading facilities (OTFs) could be a glum preview of the UK’s cross-border regulatory affairs.

The US Commodity Futures Trading Commission (CFTC) was set to back a significant revision of its cross-border mandate on Thursday, pulling back from overseeing non-US swap transactions.

Commodity derivatives trades are primed for a fillip from European regulators as the European Commission plans to relax position limits on their trading.

Central counterparty clearing houses (CCPs) could face increased attention and greater regulation after coming through the Covid-19 crisis in good shape, Fitch Ratings analysts said this week.

A new US Commodity Futures and Trading Commission rule to restrict post-trade name give-up on swap execution facilities (SEFs) is causing some confusion in the market as participants work to a tight deadline.

The European Commission has given the derivatives clearing market some hope, as it signalled on Thursday that it was going to extend its equivalence agreement with the UK.

Four trade bodies have called for the EU Benchmarks Regulation (BMR) to be changed, in order to prevent what they see as the potentially disastrous consequences of third-country benchmarks ceasing to be allowed from the end of 2021.

Post-trade name give-up on swap execution facilities (SEFs) is set to be consigned to history as a majority of commissioners on the Commodity Futures Trading Commission (CFTC) came out in support of a rule that will largely restrict the practice.

Exchange leaders have criticised some of the measures that regulators introduced during the height of the Covid-19 crisis that restricted short selling.

The European Parliament reached a quicker than expected agreement on central counterparty clearing house recovery and resolution on Tuesday night, settling on a framework for second skin in the game requirements and also pushing open-access rules out for another year.