Northern Trust, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Tag: cftc
CFTC chairman warns EU to not overreach in clearing battle
CFTC's Giancarlo stated stricter rules on overseeing non-EU clearing houses will damage US derivatives markets.
CFTC chairman warns of tough UK clearing equivalence conditions
CFTC’s Timothy Massad outlines the challenges the UK faces ahead of clearing equivalence negotiations after Brexit.
Massad set to depart as CFTC chairman
Chris Giancarlo, a Republican and frequent critic of recent CFTC regulation, is widely tipped to become Massad's successor.
Strict capital rules would heighten a liquidity crisis says CFTC Commissioner
Constraints could prompt a future liquidity crisis.
Former CFTC Commissioner calms fragmentation worries
The European Commission has adopted the initial margin rules, which is set to come into force in January 2017.
Custodian hold-ups lead to CFTC swaps extension
Swap dealers initially had to comply with margin requirements for a 1 September deadline.
CFTC's Giancarlo hits out at cross-border swaps oversight
The CFTC has announced further delays to regulating Wall Street's oversea's affiliates.
Trade bodies lobby CFTC to split RegAT
FIA and ISDA urge the CFTC to divide up RegAT and rethink rules on source codes.