A fantastic acknowledgment of the long-term value we bring to our clients through our strategic regulatory service-level-agreement.
The CFTC rewrite and DTCC re-architecture are amongst the few topics likely to cause a stir in the ranks of US swap dealers in the next 18 months.
Transparency for trade and transaction reporting remains critical under Dodd-Frank – when almost all Swaps Dealers are impacted by regulators’ demands in jurisdictions across the world, there can no easing up.
Alan McIntyre discusses recent developments in CFTC reporting of OTC derivatives implemented under the Dodd-Frank act.
MiFIR/MiFID II preparedness is top of mind at every firm I’ve recently visited, but that could be about to change. The SEC’s security-based swap (SBS) reporting threatens to be equally time-consuming and costly to participants as MiIFD II.
For the first time in my 25+ year capital markets technology career, a group that traditionally has had the clunkiest systems and the smallest budget is suddenly in the spotlight – post-trade trade reporting. Historically, there was no P&L benefit to speeding up or radically improving post-trade reporting – once trades were processed the pressure was off. This has all changed with the current wave of regulation, which is requiring banks to streamline trade reporting like never before.
Under the U.S. Dodd-Frank Act the Commodities Futures Trading Commission (CFTC) was mandated to create new market structure and trade reporting rules for the U.S. derivatives market. CFTC derivatives regulations differ substantially from EMIR rules in Europe.
Risk Focus attended the premier Derivatives Regulatory Reporting conference of 2014 in London from June 17-18. The conference covered many significant challenges posed by financial institutions related to derivatives trade reporting in compliance with Dodd-Frank, EMIR and other jurisdictions.
The Role of Swap Execution Facilities (SEFs) in Derivatives Trade Execution, Clearing and Reporting: Part 1
Swap Execution Facilities came into existence as a result of the Dodd-Frank Act. A key goal of the Dodd-Frank Act is to bring greater transparency to the OTC swap market through derivatives trade execution and derivatives reporting.
The Dodd-Frank Act combined with a raft of CFTC rules have created a complex derivatives trade reporting ecosystem in the United States as shown below in this infographic.