The U.S. Commodities Futures Trading Commission (CFTC) issued an advisory notice on May 13th2020 to kindly remind all Designated Contract Markets (DCMs), Futures Commission Merchants (FCMs), and Derivatives Clearing Organizations (DCOs) to prepare for the possibility that certain contracts may face extreme market volatility, low liquidity and negative pricing, depending on the contract at hand. […]
Author Archives: CCP12
The International Swaps and Derivatives Association (ISDA) announced on the 7th May of two new directors to its board. Eric Litvack ISDA’s Chairman, announced that Tina Hasenpusch (Managing Director, Global Head of Clearing House Operations, CME Group) and Taihei Okabe (Managing Director, Head of Derivatives Trading, Mizuho Securities Co., Ltd) have joined ISDA’s Board. “We […]
Central Counterparty (CCP) open access as contained within the Markets in Financial Instruments Regulation (MiFIR), may face additional delays following the release of a European Council “non-paper” on the week of the 30th April by the Croatian presidency. The paper stated that open access – the regulation which provides market participants the choice to which […]
The Central bank of Argentina (Banco Central de la República Argentina – BCRA) announced on the 22nd April 2020 that it is currently determining the feasibility of an interbank decentralized solution to handle direct end-to-end account debit claims made by customers. The proof-of-concept (PoC) solution will require a close collaboration between key market participants including, but not limited to, […]
As Commissioner Brian D. Quintenz comes to the end of his five-year term at the Commodity Futures Trading Commission (CFTC), he has announced that he will not seek renomination for another term and will subsequently leave in October this year – unless a suitable successor is confirmed earlier. The CFTC released a statement last Tuesday […]
Last week on the 23rd April, the Bank for International Settlements (BIS) released a new Working Paper: “Post-crisis international financial regulatory reforms: a primer”. The paper was written before the COVID-19 pandemic but highlights the financial system’s behavior during the current climate and the key regulatory developments since the post-Global Financial Crisis (GFC) reforms. The […]