Latest articles from Charles Piggott


CFTC eases position limit rules for large firms

The Commodity Futures Trading Commission has proposed a simplified process for parent firms to disaggregate their subsidiaries’ trading positions for the purposes of calculating Dodd-Frank Act position limits in 28 physical commodities. 

Stress tests prompt new FINRA liquidity guidelines

The Financial Industry Regulatory Authority has released updated guidance on liquidity management following a year-long review of broker-dealers’ and clearing firms’ contingency plans for managing liquidity in stressed markets.


Senators Warren and Vitter attack Fed emergency lending

US Democrat Senator Elizabeth Warren and Republican Senator David Vitter have reiterated calls for Congress to pass legislation limiting the Federal Reserve’s emergency lending powers.

Former CFTC commissioner Mark Wetjen joins DTCC

Depository Trust and Clearing Corporation has appointed former commissioner of the Commodity Futures Trading Commission Mark Wetjen as managing director.

Internal whistleblowers protected by Dodd-Frank Act

It has been ruled that Dodd-Frank Act protections apply not just to whistleblowers reporting directly to the US Securities and Exchange Commission, but also to employees that report breaches within their own company.

GET-MJ White

Credit ratings removed from money market fund rule

The US Securities and Exchange Commission has removed references to credit ratings from rules governing money market funds, as required under the Dodd-Frank Act.

Insurers offered three year reprieve from IFRS 9

The International Accounting Standards Board is considering giving insurance companies an option to defer the start date for IFRS 9 Financial Instruments from January 2018 until 2021.

Office of Financial Research reports decreased repo risk

Risks in US repurchase agreement and securities lending markets have declined, according to a report by the Office of Financial Research.

Michael Ruck

SEC presses for internal whistleblower protections

North American regulators are expanding whistleblower programmes, but European whistleblowers say more needs to be done to protect them. 

Richmond Fed: regulators and markets will make SIFIs resolvable

A US regulator has suggested that it might be necessary to use powers to break up complex banks if market forces do not push them to adopt more easily resolvable structures.