Derivs - Regulation

The International Swaps and Derivatives Association (ISDA) has called for more clarity from regulators on the terms surrounding the cessation of Libor.

The European Securities and Markets Authority has appointed Robert Ophèle as acting chair of its central counterparty supervisory committee.

Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), will return to the private sector in his first job since leaving the regulator.

After more than three years of negotiations, European Union ambassadors are aiming to approve, at a technical level, a CCP resolution deal on Wednesday, opening the way for final negotiations with the European Parliament.

The Basel Committee on Banking Supervision (BCBS) has published a consultation on revisions to the credit valuation adjustment (CVA) risk framework.

The US Commodity Futures Trading Commission has fined Goldman Sachs $1m over failures related to record keeping for swap dealers.

The US Securities and Exchange Commission on Monday announced that it will overhaul regulation governing derivatives used by investment firms and business development companies.

The US Commodity Futures Trading Commission has ordered BGC Financial to pay a $3m civil monetary penalty over alleged supervision, reporting and record-keeping failings.

US regulators are taking slow steps towards accepting that climate change is a financial risk, but progress is being made. Appointments have been made to a CFTC committee created to better understand climate-related market risks and one of the members is Mindy Lubber, chief executive of sustainability organisation Ceres. She told GlobalCapital her organisation is working to prepare for a new, green-minded president.

US Commodity Futures Trading Commission chairman Heath Tarbert has maintained the crypto friendly stance of his predecessor in a TV interview in which he talked up the importance of the US leading on digital asset technology.

The Financial Stability Board (FSB) has called on the International Swaps and Derivatives Association (ISDA) to include a pre-cessation trigger as standard language in definitions of new derivatives, warning of potentially disruptive market fragmentation as some interbank offered rates (Ibors) near a drop-off in relevance.

Eurex Clearing has cleared its first swaps trades referencing European regulators’ choice of replacement short-term reference rate, €STR.