This pertains to NFA Compliance Rule 2-10: The Allocation of Bunched Retail Forex Orders for Multiple Accounts NFA Compliance Rule 2-10 adopts by reference CFTC Regulation 1.35, which, among other things, imposes on futures commission merchants ("FCMs") and retail foreign exchange dealers ("RFEDs") certain recordkeeping requirements relating to customer forex orders. The purpose of the regulation is to prevent various forms of customer abuse, such as the fraudulent allocation of trades, by providing an adequate audit trail that allows customer orders to be tracked at every step of the order

View release in full here (links externally to SEC website).

European Banking Authority June 15, 2012 The European Banking Authority has launched a consultation on draft regulatory technical standards on capital requirements for central counterparties. The consultation will be open until July 31, 2012.

Comptroller of the Currency Thomas J. Curry discussed his perspective on losses reported by JPMorgan Chase during today's testimony before the House Financial Services Committee. During his testimony, the Comptroller described the agency's two-pronged response. "The first component focuses on evaluating the adequacy of current risk controls at the bank," the Comptroller said. "We are actively assessing the quality of management and risk management; board oversight; the types and reasonableness of risk measurement metrics and limits; the model governance review process; and the quality of work

The State of Wisconsin Investment Board, which manages the state’s public pension, has invested a total of $175 million between two hedge funds. The fund allocated $125 million to Scopia Capital, which has $2 billion in assets under management. The pension also allocated $50 million to AQR Capital Management. View blog post in full here(links externally to MFA website).