The CFTC Market Risk Advisory Committee will hold a public meeting to examine (i) final recommendations from the CCP Risk Management Subcommittee on how central counterparties can enhance their efforts to prepare for the default of a significant clearing member, and (ii) the Bank of England's coordinated central counterparty default fire drill.
News & Insights
University of Houston Finance Professor Craig Pirrong described the "horror story" of systemic clearing mandates, and explained why he remains skeptical that regulators will "take heed of the lessons of Brexit."
The FDIC requested comments on a proposal that would amend the Code of Federal Regulations to conform Office of Thrift Supervision powers, duties and functions to legislative requirements under the Dodd Frank Act.
The CFTC Division of Market Oversight extended its time-limited no-action relief from the CEA's trade execution requirement for certain swaps executed as part of package transactions.
The SEC Office of Investor Education and Advocacy cautioned investors about "potential investment schemes in which fraudsters send fake Forms 4 to investors who paid for the purported purchase of shares."