Author Archives: Veronica

The Division of Market Oversight at the CFTC announces Swaps transaction and pricing data reporting relief to DCOs

On October 13th, 2020, the  Division of Market Oversight at the Commodities Futures Trading Commission (CFTC) announced it has provided swaps transaction and pricing data reporting relief to certain derivatives clearing organisations (DCOs) and market participants participating in upcoming DCO auctions. This follows a series of support provided since December 2019 where the CFTC was […]

Two Nigerian CCPs set to launch following approval from the Securities and Exchange Commission

Two Nigerian CCPs have recently obtained an approval-in-principle from the Securities and Exchange Commission (SEC) in order to operate within the Nigerian market. The Nigerian Stock Exchange (NSE) has obtained approval for its central counterparty clearing house (CCP), NG Clearing Limited; and, FMDQ Clear (a subsidiary of FMDQ Group) has also been granted the approval. […]

The three European Supervisory Authorities call for enhanced cooperation following the outbreak of COVID-19

Following the aftermath of COVID-19 outbreak, the three European Supervisory Authorities (ESA’s) which include the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA) and the European Securities and Markets Authority (ESMA) began issuing a series of regulatory flexibility provisions in order stimulate additional stability during the fragile market conditions. The three […]

Chair and Independent Members of the CCP Supervisory Committee formally appointed at ESMA

Following our previous regulatory update which was released on the 25th August, 2020, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator; has now officially appointed Klaus Löber as Chair of the CCP Supervisory Committee and Nicoletta Giusto and Froukelien Wendt as Independent Members. The public statement released last Wednesday 23rd September […]

ISDA discusses the impact of the derivatives trading obligation and characterisation of OTC derivatives in the EU and UK

The International Swaps and Derivatives Association (ISDA), has released a paper outlining the impact that Brexit may have on the derivatives industry should the EU and UK not recognise the equivalence of each other’s derivatives trading venues after the transition period ends later this year. To ensure minimal impact of the UK’s withdrawal from the […]