Regulation
EU derivatives experts suggest threshold system for corporates
Legislators at the European Commission moved a step closer to determining whether non-financial users of over-the-counter derivatives should be forced to clear trades through central counterparties (CCPs) – a possibility corporates have vehemently…
Clearing exemption too close to call
Exempting commercial hedgers from mandatory clearing could create a loophole for the institutional investors often blamed for driving up commodity prices, according to the chief lawyer for the Commodity Futures Trading Commission (CFTC), reports Risk.net.
Senate reform bill to capture more end-users in OTC clearing requirement
Many more end-users of derivatives would be forced to clear over-the-counter trades with a central counterparty under language contained in the US Senate Banking Committee's latest version of its regulatory reform legislation.
Doubts grow about inclusion of Volcker rule in Senate bill
US legislative experts cast doubt on Volker's rule making it through the Congressional process
European Commission undecided on FX treatment
The EU has not made up its mind about exempting foreign exchange swaps and forwards in its forthcoming legislation.
US retail brokers dubious over NFA FX committee
Retail brokers question influence of committee on imminent retail leverage rules
Greek swap use may influence EU derivatives legislation
The clock is ticking for the EU to put its proposed regulation for over-the-counter derivatives on the table, but will Greece's controversial use of currency swaps mean even tougher rules on transparency? FX Week asked the Commissioner responsible for…
Europe excluded from CCP talks
The exclusion of European Union institutions from a technical working group set up to review risk management standards for central counterparties (CCPs) could make it difficult for the EU to reflect those standards in its forthcoming legislation on over…
MAS lifts structured notes ban for DBS, Malayan Banking and RBS
Regulator eases controls as dealers improve risk systems
Isda moves to improve consistency of documentation
Search for consistency in documentation
Bankers question definition of 'prop trading' at Senate Volcker rule hearing
WASHINGTON, DC – Senior bankers and academics have questioned the feasibility of new rules to prohibit US bank holding companies from engaging in proprietary trading, pointing to the difficulty of defining the activity and the limited impact such a ban…
A response to Obama's reform plan
Details are being eagerly awaited for US President Barack Obama's banking reform plans announced last week – chiefly, what they mean for the new prop desks that have set up, and for prime brokerage relationships.
Banks banned from prop trading under Obama plan
Financial institutions that own a deposit-taking bank could be forbidden from conducting proprietary trading for their own profit and prohibited from owning, sponsoring or even investing in hedge funds and private equity funds, under new reforms…
US Senator commends House clearing exemption for FX
The decision by the US House of Representatives in December to exempt foreign exchange swaps and forwards from mandatory clearing requirements seems sensible, said Judd Gregg, a member of the Senate Committee on Banking, Housing and Urban affairs.
Regulatory fears will boost offshore markets
Offshore markets to gain from regulatory arbitrage
BGC plans to open China office
Broker plans China build-out despite derivatives documentation spat
The many faces of regulatory arbitrage
Happy new year (belated)! As we enter the new year the regulatory environment remains a key issue driving development, most recently in the form of the CFTC attempting to assert its authority on the US off-exchange retail forex market.
HSBC kicks off currency options market in Bangladesh
Emerging market in derivatives build-up
End users get initial support in derivatives ruling
WASHINGTON, DC – The US House of Representatives voted last Thursday (December 10) on amendments detailing significant changes to proposed over-the-counter derivatives legislation, which could favour corporate end users of derivatives.
An imbalanced proposition
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Basel Committee reaches agreement on liquidity and counterparty risk
Reform proposal due this month