Dodd-Frank Act
US funds fear inability to clear amortising swaps
A prohibition on taking cross-border risk could force some category two participants to stop trading amortising swaps from June 10
CFTC’s Gensler defends long arm of Dodd-Frank
CFTC chair says "it is critical" that US rules apply overseas, in article for Banque de France stability review
Energy firms give mixed response to Dodd-Frank swap reporting delay
Dodd-Frank delay gets mixed response from energy firms
EC to fight new US prudential rules for foreign banks, says EBF
EC "very concerned" about capital and liquidity proposals, says chief executive of the European Banking Federation
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Firms will be shut out of OTC market at June US clearing deadline
FCMs do not have capacity to sign up all category 2 firms, market participants warn – and swap futures stand to benefit
Swaps vs futures: OTC market speaks out
Swaps vs futures: OTC market speaks out
Energy firms struggle to meet Dodd-Frank reporting deadline
With Dodd-Frank reporting and record-keeping rules set to come into effect on April 10, energy companies worry they won’t be ready in time
Rolling spot faces inclusion in Dodd-Frank
Forex spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so be included within the scope of Dodd-Frank
CFTC: O'Malia on a mission to fix Dodd-Frank flaws
With the end of the agency's marathon Dodd-Frank Act rulemaking in sight, CFTC commissioner Scott O'Malia wants to go back and fix what he sees as mistakes. By Peter Madigan
Bloomberg may set up futures exchange
Trading venue looks to hedge its bets if it fails to close the margin gap between OTC swaps and futures
Sefs: Dead on arrival?
Bloomberg is threatening to sue the US Commodity Futures Trading Commission over uneven margin rules that it fears will drive the market away from swaps and into new futures contracts. Peter Madigan reports
CFTC ‘neglect’ of Sef rules angers platform providers
After missing numerous deadlines to finalise the criteria for Sefs, the CFTC will not publish the rules until late April at the earliest, much to the frustration of market participants
Extraterritoriality: US person definition doubt
The Dodd-Frank Act requires any trade involving a US person to meet strict new regulatory requirements. The first mandatory clearing requirements are now in force – but the definition of US person is still not finalised, creating havoc for firms trying…
Broader US person definition could cause clearing avalanche, participants warn
A large number of offshore funds could be classified as US persons once a CFTC exemption expires in July, subjecting them to Dodd-Frank transaction-level rules
CFTC's O'Malia: No progress on Sef rules in past two weeks
Mid-April next window for vote, but no reason for optimism, says CFTC commissioner
CFTC's Gensler defends swaps vs futures margin disparity
Forthcoming Sef rules will not address margin concerns raised by Bloomberg
Bloomberg threatens to sue CFTC over swap futures margin
Futurisation sparks struggle between exchanges and Sefs. Bloomberg fears "irreversible harm"
Swap futures margins may be underestimating risk exposures
A difference in margin approach between swaps and futures may mean the latter are not assessed on their level of riskiness
SEC slammed for CDS cross-margin hurdle
CDS users face collateral hike because SEC rule means clearing members are not yet able to offer CDS cross-margining to their clients – but there are hopes of a last-minute exemption
Zombie firms are first Dodd-Frank major swap participants
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
CFTC's Gensler: Industry is ready for March 11 clearing deadline
Preparations are "running very smoothly" says CFTC chairman, ahead of first clearing deadline
Active funds list causes furore
Listed firms complain about breach of confidentiality – others say they are victim of human error – after Risk publishes list of fund managers that face March 11 clearing deadline
US agencies "extremely focused" on Volcker rule, says Dept of Treasury
Overseer of Volcker rule work says five US agencies should produce a single rule – and are not planning to harmonise it with Europe's ring-fencing proposals