Our News page provides you access to company press releases, CMA professionals in the news, industry recognition and the CMA company brochure. It also provides access to our thought leaders who regularly contribute articles, blogs, quotes and viewpoints on matters affecting the financial industry. In addition, our News tells you when we’re speaking at industry events. From September 9-11, CMA Partner Michael Hartig spoke at the International Securities Association for Institutional Trade Communication (“ISITC”) conference in Washington, DC presenting about “Preparing for New Regulation”. On October 3 in New York, he spoke about FATCA compliance applied to Corporate Actions at the FTF Conference on Corporate Actions Processing. On October 19, CMA Partner Mike Zimits led a panel on, and spoke about Collateral Management & Risk Management of non CCP-cleared trades at the SCI’s 3rd Annual OTC Derivatives Seminar produced by Structured Credit Investor with co-sponsors CME Group, Bingham McCutchen LLP and InterContinental Exchange “ICE”.
European regulators are laying the groundwork for a derivatives market that will lead to greater benefits for non-European banks, according to Kim Taylor, president of CME Clearing. Taylor made the commnts at the International Derivatives Expo in London today as EU regulators continue to stall in their authorisation of non-EU clearinghouses. Taylor said that the failure of the European Securities and Markets Authority to approve non-EU clearinghouses as equivalent will… Read More »
Author: Mark Pengelly Source: Energy Risk | 11 Jun 2014 A lack of guidance on the swap dealer provisions of the US Dodd-Frank Act is turning compliance into a guessing game for swap dealers such as Cargill Risk Management, suggests the firm’s chief compliance officer in a video interview A lack of sufficient guidance on key provisions of the US Dodd-Frank Act means swap dealers are being left in the… Read More »
Anish Puaar June 9th, 2014 The attempt by Nasdaq OMX to launch a derivatives market in Europe is a year old and it has been trumpeting its progress in building liquidity. However, data seen by Financial News shows that the majority of its trading in Euribor contracts is taking place in two narrow time windows each day in a way that allows firms to collect a share of the £50,000-a-week… Read More »
06.04.2014 The majority of buyside firms are considering outsourcing collateral management according to a new survey from Sapient Global Markets, which provides business and technology services for capital and commodity markets. The Sapient Global Markets 2014 Collateral Survey found that 43% of buyside firms are currently using an external collateral manager, as outsourcing can help firms to become compliant with new regulations and reduce cost. The report also said that… Read More »
DerivSource’s editor, Julia Schieffer, talked to Charley Cooper, senior managing director at State Street Global Exchange about why the custodian bank has expanded its FCM business to include futures execution and further deepen its footprint in traditional prime brokerage territory. Q. State Street Global Exchange recently announced the expansion of the Futures Commission Merchant (FCM) business to include futures execution. This comes at a time when the derivatives market is… Read More »
Posted on Thu, May 29, 2014 @ 08:11 AM By Sol Steinberg, OTC Partners Originally published on TABB Forum Even as the CFTC moves to finalize rules governing foreign-based swap clearinghouses and swap execution facilities, the harmonization of global swaps regulations remains a challenge, threatening to further fragment the trading process. With more than 50% of global swaps transactions occurring across borders, harmonizing international rules has been a point of contention… Read More »
IFR 2035 31 May to 6 June 2014 | By Christopher Whittall Costs associated with running derivatives businesses continue to mount, as the industry gets to grips with the latest addition to the alphabet soup of charges associated with swaps portfolios – Additional Valuation Adjustments, or AVA. Tabled by the European Banking Authority in a consultation paper in December last year, AVA – or prudential valuation as it is also… Read More »
June 25, 2014 By WILLIAM ALDEN The Securities and Exchange Commission adopted a rule on Wednesday to rein in derivatives trading by foreign branches of United States banks, moving to strengthen oversight of a risky business that helped cause the financial crisis. The rule, unanimously supported in a vote by the agency’s five commissioners, clarifies which foreign subsidiaries need to register with the S.E.C. and become subject to tougher standards… Read More »
By Philip Stafford, Financial Times European markets authorities have called on their US counterparts to recognise equivalent standards for overseas clearing houses and head off a transatlantic regulatory turf war that threatens to fragment the derivatives market. The European Commission on Friday said it would recognise US rules that oversee clearing houses if the Commodity Futures Trading Commission, the main US derivatives regulator, were similarly flexible for foreign risk management… Read More »
By Philip Stafford Eleven months on and last summer’s accord between the EU and US over jointly overseeing the derivatives market across the north Atlantic is being severely tested. The heads of both the Commodity Futures Trading Commission and the European Commission have both regularly committed to last July’s “Common Path Forward”. But as new CFTC chairman Timothy Massad meets his European counterpart Michel Barnier this week, it is clear… Read More »
The transition from LIBOR to the Fed-published Secured Overnight Financing Rate (SOFR) or possible alternatives is motivated in large part by the mandated cessation of… Read More »
Building on the success of our first FRTB roundtable discussion held on December 9, 2020, we are offering a very select group of bank dealers… Read More »
FRTB will be far more challenging than traditional risk capital regulations due to the lack of regulatory clarity over the boundaries between banking and trading… Read More »
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