Publication: DerivAlert.org

First reported 21 hours ago - Updated 21 hours ago - 1 reports

Buy Side Backs Bloomberg Margin Request

IFMA has come out in support of Bloomberg’s request to the CFTC to reduce the 5-day VaR calculation if initial margin for swaps to the same 1-day VaR requirement for futures. But shouldn’t it be left to each DCO to determine margin requirements based ... [Published DerivAlert.org - 21 hours ago]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

US in Compromise on Derivatives Trade Rules

Commissioners on the US Commodity Futures Trading Commission voted 4 to 1 to pass long-awaited derivatives trading rules on Thursday that preserve voice-based transactions in conjunction with electronic platforms.The compromise on trading systems is seen ... [Published DerivAlert.org - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Warren Opposes Derivatives Bills with House Traction

Sen. Elizabeth Warren (D-Mass.) announced her opposition to a set of bills easing derivatives requirements that garnered heavy bipartisan support in the House, arguing it is "no time to go backwards" on financial reform.Warren is now throwing her high ... [Published DerivAlert.org - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Cleared US Dollar IRSs Increase Ahead of Buy-Side Deadline

The number of US dollar-denominated interest rate swaps (IRSs) being cleared has gone up by six percentage points since US rules kicked in two months ago, according to a new tool using data from the Depository Trust and Clearing Corporation (DTCC).The ... [Published DerivAlert.org - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Regulators Target Exchanges As They Ready Record Fine

Financial regulators are taking a harder line on exchanges amid concerns over their ability to police the markets they operate, as the SEC prepares to hit one with a record penalty.The deeper scrutiny has prompted some exchange officials to push back ... [Published DerivAlert.org - May 17 2013]
Entities: Sanctions, Police
First reported May 17 2013 - Updated May 17 2013 - 1 reports

CFTC Approves Sef Rules - and Eyes Block Trade Controversy

The Commodity Futures Trading Commission (CFTC) may even-up block trade rules for swaps and swap futures, it announced today, as long-awaited requirements for swap execution facilities (Sefs) were approved at an open meeting in Washington, DC. As things ... [Published DerivAlert.org - May 17 2013]
First reported May 16 2013 - Updated May 17 2013 - 1 reports

CFTC Votes SEF Rules Forward

Today, the CFTC met to vote on final rules for swap execution facilities (SEFs). The Commission’s five members – three Democrats and two Republicans – voted in a public meeting on new platforms for swaps that will bring bilateral trading to an end, and ... [Published DerivAlert.org - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Nasdaq Eyes European Derivatives Push

Nasdaq OMX is to connect its new European derivatives platform with one of the world’s largest trading software companies, raising the US exchange’s ability to pose serious competition to dominant players NYSE Liffe and Deutsche Börse’s Eurex.Trading ... [Published DerivAlert.org - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Regulators Set September Deadline for Derivatives Deal

Financial regulators have given themselves until September to try to resolve differences over how to supervise derivatives markets in the wake of the financial crisis, a U.S. watchdog said on Wednesday.Leaders of the Group of 20 economies (G20) pledged ... [Published DerivAlert.org - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

U.S. Banks Set to Win Rollback in Dodd-Frank Swap-Trading Rules

JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. and the world’s largest banks are set to win a rollback in final Dodd-Frank Act rules intended to transform the swaps market by increasing competition.The Commodity Futures Trading Commission’s five ... [Published DerivAlert.org - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Data Fragmentation Hampers Oversight

When the Group of 20 (G-20) nations agreed a package of measures to reform the over-the-counter derivatives market in September 2009, a requirement to report all OTC derivatives to trade repositories looked to be the least controversial – and, arguably, ... [Published DerivAlert.org - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

New CDS Trigger Event Proposed to Tackle Bail-In

The proposal forms part of a wider overhaul of the CDS definitions, which are being revisited for the first time in a decade to fix a number of flaws in the instruments, including the way they react to sovereign debt restructurings such as that of Greece ... [Published DerivAlert.org - May 16 2013]
Entities: Hedging, Greece

Quotes

"I believe that most people on the Hill understand that this would be a detrimental tax" Duffy said of recent U S budget proposals to eliminate favorable tax treatment for individual market makers in futures, and to impose a transaction tax...
"We have not begun to address that yet. I have no idea how that's going to be worked out at this point. I believe we will need to provide relief and the debate will be about whether to continue to extend the relief as is – with maybe some changes to the US person definition – or to implement the entire cross-border guidance and then provide exemptive relief to certain elements of that" says O'Malia
"There have been some trades that haven't been cleared in under 60 seconds. A small percentage, but it technically contravenes the law. A small percentage, but it technically contravenes the law. Some of these are down to operational niggles, while others are due to limits being hit and calls having to be made to clients. But we haven't rejected any trades so far. That is not what you want to do in this situation" says a head of clearing at one US bank

More Content

All (90) | News (90) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Buy Side Backs Bloomberg Margin Request [Published DerivAlert.org - 21 hours ago]
US in Compromise on Derivatives Trade Rules [Published DerivAlert.org - May 17 2013]
Warren Opposes Derivatives Bills with House Tra... [Published DerivAlert.org - May 17 2013]
Cleared US Dollar IRSs Increase Ahead of Buy-Si... [Published DerivAlert.org - May 17 2013]
CFTC Approves Sef Rules - and Eyes Block Trade ... [Published DerivAlert.org - May 17 2013]
Regulators Target Exchanges As They Ready Recor... [Published DerivAlert.org - May 17 2013]
CFTC Votes SEF Rules Forward [Published DerivAlert.org - May 16 2013]
Regulators Set September Deadline for Derivativ... [Published DerivAlert.org - May 16 2013]
Data Fragmentation Hampers Oversight [Published DerivAlert.org - May 16 2013]
Nasdaq Eyes European Derivatives Push [Published DerivAlert.org - May 16 2013]
U.S. Banks Set to Win Rollback in Dodd-Frank Sw... [Published DerivAlert.org - May 16 2013]
New CDS Trigger Event Proposed to Tackle Bail-In [Published DerivAlert.org - May 16 2013]
Failure to Meet OTC Clearing Deadline Will Be C... [Published DerivAlert.org - May 16 2013]
Mandatory Clearing in Hong Kong Postponed Until... [Published DerivAlert.org - May 15 2013]
ISDA Publishes Protocol for Swap Reporting Comp... [Published DerivAlert.org - May 15 2013]
BNY Mellon, Goldman Sachs Facing July Swaps Pus... [Published DerivAlert.org - May 15 2013]
Dodd-Frank Implementation "Maddening" Says O'Malia [Published DerivAlert.org - May 15 2013]
ICAP Cost-Cuts Deepen with Over 340 Job Losses [Published DerivAlert.org - May 14 2013]
Mexico Must Tread Carefully on New Swaps Rules:... [Published DerivAlert.org - May 14 2013]
StanChart's Default Swaps Jump on Block’s Wager [Published DerivAlert.org - May 14 2013]
Territorial Rulemaking and the Data Environment [Published DerivAlert.org - May 13 2013]
Cameron Attacks Finance Tax in Defence of the City [Published DerivAlert.org - May 13 2013]
Litigators Must Love the CFTC [Published DerivAlert.org - May 10 2013]
Half of Buy-Side Firms Still Not Ready for Swap... [Published DerivAlert.org - May 10 2013]
Australian Regulators Unveil Criteria for Manda... [Published DerivAlert.org - May 10 2013]
Fresh Plans for OTC Equity Trades to Go Through... [Published DerivAlert.org - May 10 2013]
Volumes Drift Ahead of OTC Derivatives Reform D... [Published DerivAlert.org - May 10 2013]
Exchange Derivatives Trading Rose in First Quarter [Published DerivAlert.org - May 09 2013]
60 Percent of Derivatives Users Unprepared for ... [Published DerivAlert.org - May 09 2013]
CFTC Said to Weigh Lower Price-Quote in Dodd-Fr... [Published DerivAlert.org - May 09 2013]
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