Despite an overseas person exemption that allows recognition of CFTC-approved swap execution facilities in the UK, Sefs could face significant delays before they can legally operate in other non-US jurisdictions
Derivatives end-users are pushing back on regulator demands to include temporary stays on termination rights linked to bank resolutions
Regulatory change and tough market conditions are creating deep uncertainty for energy brokers. But Tradition’s Mike Anderson remains optimistic about the business, he tells Stella Farrington
Rules allowing Sefs to make available-to-trade determinations continue to cause concern, but some think an aggressive approach is justified
Single stocks the future?
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Energy Risk looks in detail at the US Dodd-Frank Act and its implications for commodity and energy market participants
Divide and rule
The countdown to mandatory trading on swap execution facilities started last month when Javelin Capital Markets became the first Sef to file a product list with US regulators. Its chief executive, Jamie Cawley, tells Peter Madigan why market participants...
Without working European rules, a system of equivalence testing will fall flat
Hedge fund Houdinis
Sef rules are leading to regulatory arbitrage according to Asia industry players
Insurance Risk’s second collateral management survey in conjunction with BNY Mellon finds more insurers are taking steps to prepare for new derivatives regulation, but concerns about collateral availability are mounting
Europe and the US have launched a number of initiatives as part of their drive to regulate the OTC derivatives markets. Jacqueline Low from the International Swaps and Derivatives Association explains how the organisation has responded with a series of...
Sefs agree a lack of clarity on reporting requirements has created an inconsistent and fragmented view of trading activity
Senior executives at RBS have weighed up the bank's potential exposure to CCPs
The "day will come" when CFTC tries to ensure compliance by foreign banks that have not registered as swap dealers
Clear and unambiguous rules have the potential to satisfy advocates of sterner regulation, as well as regulated firms
Shell becomes second energy company to seek swap dealer status under Dodd-Frank
The new Sef trading regime came into force on October 2, but a flurry of last-minute no-action letters has left platforms confused – and there is no one at the CFTC to answer their questions. Peter Madigan reports
Confusion over CFTC rules is tying US energy firms in knots, as they struggle to determine whether their physically settled commodity options need to comply with critical rules issued under the US Dodd-Frank Act. Alexander Osipovich reports
Australian industry needs additional time to set up trade reporting infrastructure
Uniform fiduciary standard may raise the bar for investment advisers and broker-dealers
Derivatives regulation will impede attempts by banks to compete and do lasting damage to European market, says founder of SEB’s commodity business