ANALYSIS: New U.S. Registration Requirement For Foreign Boards Of Trade

The CFTC recently promulgated rules requiring the registration of FBOTs that provide U.S. members and participants with direct access to the FBOTs’ electronic trading and order matching systems…

Industry Experts Fear Big Banks Will Withdraw if U.S. Swaps Rules Too Strict

Several financial industry experts said Sept. 22 that one of their key fears as regulators implement the Dodd-Frank Wall Street Reform and Consumer Protection Act is that bigger industry participants with the means to do so will decide to conduct business in jurisdictions outside the United States with friendlier regulatory environments…

SEC Agrees to Issue Concept Release to Seek Views on Funds’ Use of Derivatives

The Securities and Exchange Commission Aug. 31 voted unanimously to issue a concept release soliciting public comments on issues raised by mutual funds, exchange-traded funds, and other investment companies’ use of derivatives…

Non-U.S. Financial Firms May Be Subject to Dodd-Frank Swaps Provisions, Lawyers Say

Non-U.S. financial institutions are concerned that pending derivatives regulation may chill their interest in market participation, at least until the way the law is going to be enforced is clarified…

CFTC Finalizes Swaps Antifraud Rule, Rules on Larger Trader Reporting, Privacy

Marking the first time it has finalized rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Commodity Futures Trading Commission July 7 adopted antifraud/anti-manipulation rules for swaps transactions, along with four other regulations…

SEC Proposes New Rules to Establish Business Conduct Standards for Swap Deals

The Securities and Exchange Commission June 29 unanimously agreed to propose new rules to establish business conduct standards for security-based swap dealers and major SBS participants that enter into swap transactions with counterparties…

BNA INSIGHTS: Review of 2010 Bank Enforcement Actions: A Hardened Government Attitude

The number of formal enforcement actions issued by the federal banking agencies exploded again in 2010, following a record setting year in 2009 in which the federal banking agencies issued more than 1000 formal enforcement actions for the first time…

SEC, CFTC Propose Definitions of Swaps Terms, Removal of Credit Ratings in Broker Rules

The Securities and Exchange Commission unanimously voted jointly to propose with the Commodity Futures Trading Commission a series of rules and interpretive guidance to define the terms “swaps,” “security-based swaps,” and “security-based swap agreements.”…

SEC Proposes New Rules to Implement Requirements for Swap Execution Facilities

The SEC, taking another step in its derivatives rulemaking, Feb. 2 unanimously proposed new rules that would help define, and establish registration procedures for, new regulated trading platforms for security-based swaps known as security-based swap execution facilities…

CFTC Proposes Rules Equating Derivatives on Agricultural Products with Other Swaps

The Commodity Futures Trading Commission proposed two rules Jan. 20—one that generally would permit the transaction of agricultural swaps under the same terms as any other swap, and another addressing the required documentation between counterparties regarding the…

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