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The CFTC proposed the types of swaps that would be required to be cleared. The types are listed in the attached press release. According to the CFTC, all of these swaps are currently clearing. Firms would have 30 days to comment once the list appears in the Federal Register. This release should be read in conjunction with the related release on the clearing implementation schedule. From the attached press release, one may also link to the pre-Fed. Reg. version of the proposal. Link to CFTC press release.

The CFTC today issued an order filing and settling charges against Interactive Brokers LLC, a futures commission merchant based in Greenwich, Conn., for filing inaccurate large trader reports and failing to diligently supervise the handling and reporting of accounts. [SL Comment: As with many supervisory failures these days, the failure was caused in good part by insufficient or flawed technology.] View release in full here(links externally to CFTC website).

The FDIC has issued a final rule that would prohibit state and federal savings associations from acquiring or holding a corporate debt security when the security's issuer does not have an adequate capacity to meet all financial commitments under the security for the projected life of the security. The final rule is being issued under section 939(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Savings associations must be in compliance with this rule by January 1, 2013. Additionally, the FDIC has issued a final guidance that sets forth due diligence standards for