Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/ellOCfbwocfCsAuNsjIV

February 25, 2013
Sign upForwardSearchAdvertise

  Top Stories 
 
  • CME reportedly rejects deal with CFTC in Nymex case
    A possible settlement of Commodity Futures Trading Commission charges against CME Group's New York Mercantile Exchange and two former employees reportedly has been rejected by CME. The exchange and employees are accused of revealing confidential information to a commodity broker. The Wall Street Journal (2/22) LinkedInFacebookTwitterEmail this Story
The Leader in OTC IRS Clearing
SwapClear is LCH.Clearnet's global clearing service for interest rate swaps. We have over 12 years’ experience, unparalleled risk management and more clearable IRS products than any other clearing house. That's just part of what earned LCH.Clearnet AFTA Best Risk Analytics Initiative and FOW's Clearing House of the Year awards for 2012. swapclear.com
  Regulatory Roundup 
  • EU's Almunia aims to finish benchmark-rate inquiry this year
    EU Competition Commissioner Joaquin Almunia is working to conclude his investigation into manipulation of the London Interbank Offered Rate and other lending benchmarks. The European Commission has offered some banks the possibility of reducing fines through a settlement, sources say. Almunia says an investigation into credit default swaps continues; that inquiry focuses on allegations that major banks work together to prevent CDS trading platforms from expanding. Reuters (2/22), The Wall Street Journal/Dow Jones Newswires (2/22) LinkedInFacebookTwitterEmail this Story
  • SEC's Aguilar wants faster technology-rules adoption
    Regulators should accelerate adoption of rules intended to avert technological glitches from disrupting markets, says Securities and Exchange Commission member Luis Aguilar. "The commission needs to do much more to update our regulatory framework and ensure that our capital markets develop and maintain systems with sufficient capacity, integrity, resiliency, availability, and security," Aguilar says. Reuters (2/22) LinkedInFacebookTwitterEmail this Story
  • European bodies clash over transparency rules for dark pools
    The European Commission disagrees with part of the latest draft of the revised Markets in Financial Instruments Directive. The Council of the EU has proposed that trades of less than €6,000 be exempt from price-transparency rules. The commission is against the waiver, saying it would undermine efforts to rein in dark trading. Meanwhile, the council's discussions about MiFID II are expected to be postponed, sources say. The Trade News (U.K.) (2/22), The Trade News (U.K.) (2/22) LinkedInFacebookTwitterEmail this Story
  • Commentary: Some margin-swap proposals still concern banks
    Regulators' approach on margin payments on noncleared swaps has pluses and minuses, Anish Puaar writes. "While the margin for cleared swaps will be held at central counterparties, many industry participants are questioning the need for banks to exchange collateral with each other for privately negotiated deals," Puaar writes. The Trade News (U.K.) (2/22) LinkedInFacebookTwitterEmail this Story
  Industry Developments 
  Electronic Trading News 
  • European derivatives experts warn about transaction tax
    Experts in Europe's derivatives industry are citing concerns about the effects of a proposed tax on financial transactions. "EU regulators want transparency and stability for the financial markets, which is justified, and they also want financial firms to pay part of the cost. But the tax will make sure that financial-services transactions move to less regulated markets and those who did not cause the crisis will be burdened," Deutsche Boerse CEO Reto Francioni says. FOIntelligence.com (subscription required) (2/22), New York Post (2/23) LinkedInFacebookTwitterEmail this Story
  Commodities and Managed Futures 
  FIA News 
  • Registration is now open for NY Expo 2013
    The Futures Industry Association will hold its second annual NY Expo on April 10 and 11 at the Hilton New York in cooperation with FIA Chicago, Futures Services and Information Technology Divisions. Last year's event attracted more than 600 industry professionals and more than 20 vendors. This year's topics will include mandatory clearing, LSOC, portfolio margining, electronic trading of swaps, the evolving back office, institutionalizing social media and more. Register here. LinkedInFacebookTwitterEmail this Story
Learn more about FIA ->Conferences  |  Membership  |  Regulatory Activity  |  Principal Traders Group
FIA Asia  |  Volume Statistics  |  Press Center  |  IFM Courses/Data  |  Magazine

  SmartQuote 
It is wonderful how much news there is when people write every other day; if they wait for a month, there is nothing that seems worth telling."
--Anna Masterton Buchan,
Scottish writer


LinkedInFacebookTwitterEmail this Story

 
 
Subscriber Tools
     
Print friendly format | Web version | Search past news | Archive | Privacy policy

Advertise
Account Executive:  Abiy Bekele (919) 931-5915
 
Read more at SmartBrief.com
A powerful website for SmartBrief readers including:
 
 
 Recent FIA SmartBrief Issues:   Lead Editor:  Bridget Lux
     
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
 
 
© 1999-2013 SmartBrief, Inc.® Legal Information