The Euro slumped against the Dollar for the third day in a row today, following the announcements of negative economic sentiments from Germany’s ZEW institute yesterday, combined with low inflation figures in Italy and investors piling bets against the Euro. The Euro reached a nine month low as of Tuesday, and declined by a further […]
The US Commodity Futures Trading Commission (CFTC) will unveil its new rule on speculative position limits in the next six weeks, after its previous effort was rejected in an embarrassing court ruling, says commissioner Scott O’Malia.
The US approach to the cross-border application of over-the-counter derivatives rules is “not sustainable” according to a letter sent to US Treasury secretary Jack Lew yesterday by eight finance ministers and the European Commission.
Gold slumped in morning trade in New York after a sell order for a large number of futures contracts – equivalent to 24 metric tons – caused a similar market reaction to the massive futures contact trade order that hit Stockholm earlier today CET.
The fiscal cliff, Dodd-Frank and possible changes at the SEC and CFTC are the three key areas that are likely to be impacted by the outcome of next week’s US presidential election, according to analysis from NYSE Euronext.
The International Organization of Securities Commissions (IOSCO) has formed a Board Level Task Force on financial market benchmarks to identify policy issues and develop global guidance and principles for benchmark-related activities of particular relevance to market regulators.
Would-be swap execution facilities (Sefs) are worried about the impact of new business conduct standards requiring swap dealers to provide information to a customer before a trade is concluded.
Central counterparties (CCPs) are facing regulatory delays in efforts to provide margin efficiency between single-name and index credit default swaps (CDSs). This is an issue that could cause liquidity in the CDS market to evaporate unless it is resolved, dealers claim.
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants.