The European Commission (EC) has stated it will proceed as planned with phase five and six of the uncleared margin requirement for non-centrally cleared derivatives, despite industry participants urging the EC to defer compliance until markets stabilize or set new deadlines following the global impact of the COVID-19 pandemic. Scott O’Malia from the International Swaps […]
Monthly Archives: March 2020
European-based CCPs without banking licenses may be able to gain access to the European Central Bank (ECB) services following a possible shift to open up account facilities. Unencumbered access to the ECB would enable European CCPs without banking licenses to increase risk management and have even more stability as systemically important nodes in the financial […]
The Commodity Futures Trading Commission (CFTC) has confirmed an amendment to part 30.10 of the CFTC regulations which oversees the sale of non-US based futures and options contracts to customers located within the United States. For over 30 years the CFTC has provided the platform for foreign based participants to gain access to U.S. customers […]
Amidst the UK’s process to gain regulatory equivalence and market access with the EU post-Brexit, Britain may be jeopardizing vital opportunities with the US and other regions who require the UK to maintain flexibility with international partners. Following key discussions during the EU Financial Affairs committee at the House of Lords last week on March […]