Comments from Commodity Futures Trading Commission (CFTC)
staff at the SefCon VI conference in New York on Monday highlighted divides
within the Commission about how to most effectively amend swaps regulations.
Over the past year, the Commission has preferred to ...
The UK’s Financial Conduct Authority has
banned Magnus Peterson from performing any function related to any regulated activity.
Peterson was CEO of failed hedge fund
Weavering Capital which
collapsed in 2009 following losses in options markets which were meant to
The Commodity Futures
Trading Commission (CFTC) is planning to introduce new rules aimed at curbing
the potential risks associated with automated trading.
In two separate but
largely similar speeches delivered over the past two days, CFTC chairman,
Timothy Massad, acknowledged ...
On the same day that a
top European court ruled that Bitcoins should be treated as a currency, legal
experts warned that the regulatory landscape for Bitcoin and blockchain
technologies in the US is becoming increasingly fragmented and complex.
Following the decision
by a group of banks, Markit and ISDA to settle
charges they collectively sought to block outside participants from
entering the credit default swaps (CDS) market, ISDA is apparently set on
reviewing its stance on the controversial ...
Bank of England Governor Mark Carney and
Prudential Regulatory Authority head, Andrew Bailey, have defended proposed
changes to the UK’s Senior Manager Regime (SMR).
The changes, which
were unveiled last week, sees the UK reverse from the original suggestion
As regulators on
either of the Atlantic continue to disagree over swaps regulations, Timothy
Massad, chairman of the Commodity Futures Trading Commission (CFTC), has warned
that the harmonisation of these rules remains a challenging prospect.
Speaking at the World
The UK’s Financial
Conduct Authority has formally banned Kweku Adoboli, the trader found guilty of
rogue trading when at UBS, resulting in losses of $2.25 billion.
Adoboli was convicted
of two counts of fraud by abuse of position on 20 November 2012, ...
The UK Treasury has moved to allay concerns
in the country’s financial sector that the impending Senior Managers and
Certification Regime will lead to an exodus of financial markets talent to
In an announcement the Treasury says ...
The Commodity Futures
Trading Commission’s (CFTC) has announced another no-action relief extension,
meaning that certain swaps executed as part of a package transaction will still
not have to trade on Swap Execution Facilities (SEFs).
The CFTC’s Division of