Regulation & compliance
|November 20th, 2012||CFTC Staff Issues No-Action Letter Addressing Timeline for Swap Dealer Compliance with Swap Data Reporting Rules
The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) and Division of Market Oversight (DMO) today jointly issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC’s swap data reporting rules, which are set forth at Part 43, Part 45 and Part 46 of the CFTC’s regulations.
Full details via press release: http://www.cftc.gov/PressRoom/PressReleases/pr6414-12
|November 15th, 2012||CFTC Approves Position Limit Appeal
The Commodity Futures Trading Commission (CFTC) will move forward with an appeal of a federal district court’s decision vacating the position limits rule.
Details via press release: http://www.cftc.gov/PressRoom/PressReleases/pr6413-12
|November 14th, 2012||CFTC Issues Proposed Swaps Report for Public Comment
Proposed report seeks public input on format, structure, and supporting documentation
Full details via press release: http://www.cftc.gov/PressRoom/PressReleases/pr6412-12
|November 13th, 2012||Portfolio Reconciliation: How to Adjust Processes to Comply with New Financial Regulation
In a Q&A, TriOptima’s David White explores the impact new financial regulation will have on portfolio reconciliation and dispute resolution processing and how firms can adjust operations to comply with new rules.
|November 9th, 2012||Improving the BIS International Banking Statistics
A report released today by the Committee on the Global Financial System (CGFS) documents a series of enhancements which are designed to make significant and long-lasting improvements to the international banking statistics (IBS) collected by the Bank for International Settlements (BIS).
Full press release and report: http://www.bis.org/press/p121109.htm
|November 8th, 2012||ISDA Launches OL Plus
The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of its Online Library’s new functionality, OL Plus.
Along with the standardized general and product specific risk disclosures that ISDA has been developing, ISDA’s OL Plus assists swap dealers’ compliance with certain US Commodity Futures Trading Commission’s (CFTC) External Business Conduct Rules disclosure and fair dealing in communications requirements.
|November 1st, 2012||CFTC’s Division of Clearing and Risk Issues Staff Interpretation Regarding Part 22
The staff of the Commodity Futures Trading Commission’s Division of Clearing and Risk today issued an interpretation regarding Part 22, under which Futures Commission Merchants and Derivatives Clearing Organizations must legally segregate each Cleared Swaps Customer’s collateral, but are permitted to operationally commingle the collateral of their Cleared Swaps Customers.
Full press release: http://www.cftc.gov/PressRoom/PressReleases/pr6408-12
|November 1st, 2012||CFTC’s Division of Clearing and Risk Issues Temporary Compliance Delay Due to Hurricane Sandy
Due to the damage caused by Hurricane Sandy, the staff of the Commodity Futures Trading Commission’s Division of Clearing and Risk today issued a no-action letter to temporarily delay the compliance date for the Commission’s Part 22 rules, which set forth segregation requirements for cleared swaps and associated cleared swaps customer collateral, from November 8, 2012 to November 13, 2012.
|November 1st, 2012||SunGard Enhances IntelliMatch Operational Control to Support Centrally Cleared OTC Derivatives
SunGard has enhanced IntelliMatch Operational Control to help brokers address today’s market requirements in centrally cleared over-the-counter (OTC) derivatives. The solution’s customers include five of the top 10* Futures Commissions Merchants for reconciliation of exchange traded derivatives (ETD). By extending support to include OTC derivatives, SunGard’s solution now offers a single platform for comprehensive reconciliation automation of both ETD and OTC derivatives, helping increase transparency, reduce operational risk and lower costs.
|October 31st, 2012||Financial Stability Board Publishes Fourth Progress Report on Implementation of OTC Derivatives Market Reforms
The Financial Stability Board (FSB) published today its fourth six-monthly progress report on the implementation of over-the-counter (OTC) derivatives market reforms.
Full report and press release: http://www.financialstabilityboard.org/press/pr_121031.pdf
Keep up with current regulatory reform activities with this reference guide. Derivsource's Derivatives Regulation Timeline
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