The Commodity Futures Trading Commission yesterday unanimously adopted rule amendments simplifying its regulations governing chief compliance officer duties and annual compliance reporting requirements for registered swap dealers, major swap participants and futures commission merchants.
ABA today welcomed the Commodity Futures Trading Commission’s proposal to set the swap dealer de minimis threshold at $8 billion on a permanent basis while noting that it could be set even higher or, preferably, replaced with a risk-based threshold instead of a fixed aggregate gross notional amount of swaps.
In a unanimous vote, the Commodity Futures Trading Commission today proposed a rule that would simplify complex rules for counterparty notification by swap dealers.
The Commodity Futures Trading Commission today voted to set the swap dealer de minimis threshold at $8 billion on a permanent basis.
Commodity Futures Trading Commission Chairman Christopher Giancarlo today released a white paper highlighting plans for improving the regulation of the swaps and derivatives markets.
ABA today commented on a joint proposed rulemaking issued by the OCC, Federal Reserve and FDIC, Farm Credit Administration and the Federal Housing Finance Administration that would align the agencies’ margin rules with restrictions on qualified financial contracts that took effect last year.
To facilitate compliance with their rules regarding qualified financial contracts of systemically important banks, the federal banking agencies today proposed a rule clarifying that legacy swaps — those entered into before the margin rules’ compliance dates — do not become subject to margin requirements provided they are amended solely to comply with QFC rules.
The prevailing “notional amounts” method of estimating the size of the global swaps market is distorting the market and public policy, Commodity Futures Trading Commission Chairman Christopher Giancarlo said today.
The Commodity Futures Trading Commission announced today that it will keep the swap dealer de minimis threshold at $8 billion through Dec. 31, 2019, following a commitment by CFTC Chairman Chris Giancarlo earlier this month to do so.
The Commodity Futures Trading Commission will keep the swap dealer de minimis threshold at $8 billion at least through the end of 2019, Chairman Chris Giancarlo told the House Agriculture Committee today.