Regulation

Eight global and regional trade associations today called on regulators to intensify cooperation to prevent, alleviate or limit the harmful effect of overlap, inconsistency and ambiguity resulting from extra-territoriality in regulatory efforts to implement G20 commitments.    

Extra-territoriality is a fundamental concern in derivatives business, where it is common for counterparties based in different parts of the world to transact with each other. 

The Basel Committee on Banking Supervision today issued Basel III frequently asked questions. To promote consistent global implementation of Basel III, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary.

Competition TMX heats up; derivatives regulatory reform in EU hits delays; more extensions for Dodd-Frank comment periods

As regulatory reform evolves on both sides of the Atlantic, end users still face the possibility of new rules negatively impacting their ability to use derivatives to hedge commercial risks. Chatham Financial's Joe Siu offers a timely update on the specific risks end users face under Dodd-Frank and EMIR and specifically regarding entity classification, central clearing, margin requirements and higher capital requirements rules.

Introduction

David B. Weiss, an independent consultant and research analyst, discusses the current state of SEFs and what the future holds for these trade execution facilities

The International Swaps and Derivatives Association, Inc. (ISDA) has submitted its response to the Financial Stability Board’s (FSB) progress report on OTC derivatives market reforms, published on April 15, 2011. The work of the FSB is vital to ensuring that regulatory reform is consistent across different regions, and ISDA believes that the progress report offers a valuable insight into the extent of international convergence.

Basel III, Liquidity risk, stress tests, IFRS…: Financial Studio 4.0 empowers financial institutions with an enhanced single integrated platform for risk, finance and compliance. 

FinArch, international leader for integrated risk and finance solutions for the financial services industry, today announced the release of Financial Studio 4.0, the latest version of the market leading software product that uniquely integrates risk, finance and compliance. 

Market participants encouraged to review document and submit comments

The staff of the US Commodity Futures Trading Commission (CFTC) has provided a document detailing the concepts being considered with regards to the implementation dates and final rules for swaps under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

A New Report From Aite Group

FinReg seeks to address systemic financial risk in OTC swap transactions, but a number of issues remain.

A new report from Aite Group addresses the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (aka FinReg) on over-the-counter (OTC) derivatives, and discusses outstanding issues associated with its implementation.

Collateral Management & Derivatives Documentation are the themes to be discussed in two separate roundtable discussions held in May.