Browsing: Derivatives

Newsbytes OCC releases Q3 bank trading revenue report

The cumulative trading revenue of U.S. commercial banks and savings associations was $13.2 billion in the third quarter of 2023. Trading revenue for Q3 was $470 million, or 3.4%, less than in the previous quarter and $474 million, or 3.7%, more than in Q3 2022.

Newsbytes OCC: Trading revenue declines in fourth quarter

Commercial banks reported total trading revenue of $9.6 billion in the fourth quarter of 2022, down 24.5% from the previous quarter and up 33.9% compared with the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released on Friday.

Compliance and Risk FSB makes recommendations for addressing systemic risk in NBFI sector

The Financial Stability Board issued a set of policy proposals aimed at addressing systemic risk in the non-bank financial intermediation sector, which the group said are intended to “reduce liquidity demand spikes; enhance the resilience of supply in stress; and enhance risk monitoring and the preparedness of authorities and market participants.”

Newsbytes ABA supports FASB action to aid Libor transition for derivatives markets

ABA this week wrote to the Financial Accounting Standards Board in support of a deferral of the sunset date for the transition relief provided by FASB and the expansion of the definition of the Secured Overnight Financing Rate, or SOFR, to include term SOFR as eligible to be designated a benchmark index for hedge accounting purposes.


In a joint statement today, the Commodities Futures Trading Commission’s Market Participants Division and Division of Market Oversight emphasized to market participants and swap execution facilities the importance of an orderly transition away from Libor.

Commercial Lending

With certain tenors of Libor set to sunset at the end of 2021, the Commodity Futures Trading Commission’s Interest Rate Benchmark Reform Subcommittee today announced that it has voted to recommend that beginning July 26, interdealer brokers replace trading of Libor linear swaps with trading of U.S. dollar linear swaps tied to the Secured Overnight Financing Rate, the Alternative Reference Rates Committee’s preferred Libor alternative.

Compliance and Risk

The Federal Reserve today finalized new categories of entities under the “financial institution” status under the FDIC Improvement Act’s netting provisions, first promulgated in Regulation EE in 1994.

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