Representatives of CME, Morgan Stanley, BNY Mellon, and PIMCO discussed with the CFTC Staff alternative segregation arrangements for cleared swaps customer collateral. Click hereto view CFTC Staff and all visitors present (links externally to CFTC website).

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing to evaluate the progress that U.S. regulators have made toward implementing various provisions of the Dodd-Frank Act. The Committee heard testimony from, among others, FDIC Chairman Martin J. Gruenberg; Federal Reserve Governor Daniel K. Tarullo; Comptroller of the Currency Thomas Curry; CFPB Director Richard Cordray; and Mary Miller, Under Secretary for Domestic Finance at the Treasury. Governor Tarullo's testimony discussed both the Federal Reserve's recent regulatory activity and the agency's priorities for 2013. On

The ESMA has launched a survey of market participants aimed at obtaining industry opinions and evidence on the requirements of the regulation on short selling and certain aspects of credit default swaps and their operation. The call for evidence focuses on six main areas: transparency and reporting requirements; restrictions on the short selling of shares and sovereign debt; restrictions on entering into uncovered sovereign credit default swap positions; settlement discipline; exemptions; and intervention powers and emergency measures. The ESMA will consider all comments received by March 15

Following the departure of several banks from the Euribor benchmark panel, EU Commissioner Michel Barnier has issued a statement which suggests that the EU may require major banks to help compile Euribor to ensure the integrity of the benchmark. According to Barnier, the Commission intends to present a proposal on benchmarks, in the second quarter of 2013, which is expected to include the power to require mandatory submissions for systematic benchmarks such as Euribor.

The Committee on Banking, Housing and Urban Affairs conducted a hearing on "Wall Street Reform: Oversight of Financial Stability and Consumer and Investor Protections." The witnesses included: The Honorable Mary J. Miller, Daniel K. Tarullo, Martin J. Greunberg, Thomas J. Curry, Richard Cordray, Elisse B. Walter and Gary Gensler. Here were some of the main topics of coverage: State of Dodd-Frank Rulemaking: CFTC Chairman Gensler asserted that the CFTC has completed 80% of its rules. Mary Miller, Under Secretary for Domestic Finance U.S. Department of the Treasury, testified: "Efforts to repeal