Lawyers Call for Clearer Rules for FX Forwards – Euromoney As the regulatory landscape for FX continues to evolve, investment managers have been left uncertain about the implications for some of their trades.
CFTC Approves Bitcoin Exchange’s SEF Registration – Profit & Loss The Commodity Futures Trading Commission (CFTC) has approved the application of Bitcoin derivatives exchange, LedgerX, for temporary registration as a swap execution facility (SEF).
‘Systemic Risk’ Created by Margining into Non-Netting Jurisdictions, says StanChart – Risk.Net (subscription) Local regulators are considering exempting banks from posting margin where there is no netting.
Pan Named New CFTC Director in OIA – Profit & Loss The Commodity Futures Trading Commission (CFTC) chairman, Timothy Massad, has appointed Eric Pan as the agency’s new director of the Office of International Affairs.
Debate on Last Look Continues to Rage – Euromoney Regulators might be suspicious of it, but even market participants who have shifted their stance on last look reckon clients should be allowed to make up their own minds.
Mifid II Price Tiering Guidance Unlikely, say Dealers – Risk.Net (subscription) Banks argue the “commercial policy” safe harbour is “like the Rorschach test” and needs clarification.
Regulators Must Guard FX Stability – Financial Times (subscription) Regulators must ensure forex market stability.