The US’s two main markets regulators are to work more closely together on how to better understand and manage portfolio margins in the credit derivatives market.  

New rules have been adopted by the US Securities and Exchange Commission (SEC) that amend capital, margin and segregation requirements under Title VII of the Dodd-Frank Act for security-based swap dealers and major participants.

The comment deadline for the proposed rulemaking to amend certain regulations that apply to derivatives clearing organisations is to be extended to September 13 from July 15, the US Commodity Futures Trading Commission (CFTC) said in a statement.

The Federal Deposit Insurance Corporation (FDIC) said it wants to centralise the supervision and resolution activities of large complex financial institutions into a new division called the Division of Complex Institution Supervision and Resolution (CISR).

Stock exchanges have been given guidelines on how they describe and justify their fees for services such as data provision and connectivity, the US Securities and Exchange Commission said.

In a speech on May 21, former Federal Reserve governor Daniel Tarullo criticised many of the current Republican administration’s regulatory reforms and said US Globally Systemically Important Banks (G-SIBs) should hold more capital.

A bill designed to levy a tax on financial transactions has been presented to lawmakers by Democrat Senator Bernie Sanders and is supported by Democrat congresswoman Barbara Lee.

The US has fully implemented the principles for financial market infrastructures (PFMI) relating to payment systems (PSs), central security depositories (CSDs) and securities settlement systems (SSSs) said the global bodies, which oversees these standards.