CFTC thanks UK’s FCA for co-operation on investigation

The UK Financial Conduct Authority (FCA) has been praised by the Commodity Futures Trading Commission (CFTC) for helping it in an investigation related to oil derivatives trades, saying that the move demonstrated the criticality of cross-border co-operation to ensure the integrity of US and foreign markets.

OFR harmonises users understanding of financial data through FERD enhancement

Users will be able to compare more international data covering commonly used asset classes, such as equities, debt, options, warrants and futures following an enhancement to the Office of Financial Research’s (OFR) Financial Instrument Reference Database (FIRD).

CFTC launches two consultations on reporting and substituted compliance

Two proposals open to public comment related to derivatives have been put forward by the Commodity Futures Trading Commission (CFTC). 

GET Michael Barr

Fed gears up to ensure banking system can withstand new threats

US banks face threats that barely existed or were not even thought of five to 10 years ago, said Michael Barr, vice-chair for supervision at the US Federal Reserve, who is nonetheless confident that banks are well capitalised enough to withstand the current challenges.

US dollar note

US dollar does not need a CBDC to maintain its global dominance

The role of the US dollar is so dominant and rooted in economic and financial factors that it does not necessarily require a central bank digital currency (CBDC) to maintain its lead, said US Federal Reserve Board governor Christopher Waller.

Three Singapore market operators exempted from CFTC swap requirements

Three Singapore-authorised Recognized Market Operators (RMOs) have been exempted from US swap execution facility (SEF) registration requirements by the Commodity Futures Trading Commission (CFTC). 

US regulators seek to spruce up resolution rules as banks grow in size

Feedback is being sought by US prudential regulators over proposals to enhance their ability to resolve big banks following a considerable increase in their size, which could include the use of a long-term debt requirement.

SEC modernises securities swaps related reporting requirements

The prompt production and recording of electronic information relating to securities swaps is to be modernised following an amendment adopted by the Securities and Exchange Commission (SEC).

SEC reopens consultations following technical glitch

Due to a technical glitch, the Securities and Exchange Commission (SEC) said it had not received comments for some consultations submitted from June 2021 to August 2022.

Six largest US banks to participate in pilot climate stress test

In 2023, six of the largest US banks are to participate in a pilot climate stress test lasting for about a year so supervisors can better manage climate-related financial risks.