Cross-border supervision
Risk USA: Foreign banks cannot escape swap dealer status, warns CFTC's Barnett
The "day will come" when CFTC tries to ensure compliance by foreign banks that have not registered as swap dealers
Dispute resolution mechanism needed to resolve regulatory spats – EC’s Pearson
Differences in national regulations need to be ironed out, says Patrick Pearson
CFTC-SEC cross-border split could 'tarnish' US swap markets
Regulators "going in two different directions" says Republican senator – and may face fresh calls to be merged
Esma takes ‘pragmatic’ stance on Emir evasion
Esma seeks to apply Emir overseas only where EU-guaranteed financial entities trade under non-equivalent regimes – while corporates are given free rein
CFTC cross-border rules slammed as ‘rushed’
The CFTC appears to make some concessions in its cross-border rules, but critics question how substituted compliance will work, and claim the overall framework has been rushed
Substituted compliance requires global oversight, warns Iosco’s Wright
Substituted compliance unlikely to work without a global body to settle disputes, says Iosco secretary-general
Cross-border resolution hinges on trust
Hinging on trust
SEC cross-border rules an improvement on CFTC proposals, say lawyers
Narrower US person definition and substituted compliance proposal win praise from market participants
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
Risk & Return Cape Town: Treasury official calls for clarity on CCP equivalence
Lack of clarity on CCP equivalency leaves South African rules in limbo, says National Treasury's Natalie Labuschagne
Risk USA: CFTC should allow voice trading for Sefs, says Chilton
CFTC commissioner also hints that 15-second rule will be amended - and says final cross-border rules will include a new definition of ‘US person’
Section 716: The do-nothing approach
The do-nothing approach
Fingerprint, aggregation fears hit swap dealer countdown
Prints and be damned
Risk 25 firms of the future: CFTC
The costs and benefits of reform
CFTC relaxes cross-border rules after commissioner backlash
Chairman Gensler is understood to have relented on ‘substituted compliance’ in order to pass the proposed guidance
Fallout from JP Morgan loss will hit energy markets: IEA
JP Morgan’s recent $2 billion trading loss could toughen a trio of Dodd-Frank Act rules, potentially hurting energy markets, the International Energy Agency says
US SEC appoints deputy director of Office of International Affairs
Assistant director Fisher promoted to role
Risk & Return Australia 2011: Co-ordinated supervision critical for global financial stability
Speakers at Risk & Return Australia 2011 believe the ability of supervisors to implement regulation around the world in a consistent manner is the most critical component to financial regulatory reform. They also believe the timeframe for new rules needs…
EC's Barnier unveils new college approach to bank crisis resolution
European Commission proposals of extensive new powers at odds with Basel vision of colleges, and Cebs' new assessment of success of information-sharing initiatives
Basel Committee sketches regulatory action plan
Basel Committee on Banking Supervision identifies eight issues it is working on as Basel III reform package heads into the political sphere
BIS must fix data gaps: Bank of England paper
Bank of England paper identifies specific information gaps in cross-border banking statistics published by Bank for International Settlements; improvements thought to be under way
G-20: High hopes
“We want growth without cycles of boom and bust and markets that foster responsibility not recklessness” – G-20 leaders at the Pittsburgh summit