Latest articles from Charles Piggott

CFTC overhauls cleared swap reporting rules to avoid double counting

The US regulator has clarified rules on how trades are cancelled and replaced at the point of clearing.

CFTC commissioner Wetjen steps down

Mark Wetjen's departure leaves two vacancies at both the CFTC and the SEC.

SEC’s Aguilar recommends greater use of ‘conditional’ waivers

The outgoing SEC commissioner has proposed a compromise to tackle the problem of tracking large numbers of waivers granted following enforcement actions. 

ITG charged with running secret trading desk

Agency broker has settled allegations that it ran a proprietary trading arm without informing clients.

SEC finalises swap dealer registration requirements

The SEC rules will complete the framework alongside the existing requirements set out by the CFTC.

Fed finalises GSIB capital surcharge methodology

New rules are expected to add up to 4.5 percentage points to the capital ratios of the largest US banks.

Mary Jo White

SEC committee split on market structure overhaul

The industry remains deeply divided on whether repealing existing rules on equity market structure would help or hinder investors. 

CFTC proposals change cross-border swaps rules

The CFTC has moved to close loopholes in the rules for posting margin on uncleared cross-border derivative transactions, but risks contradicting US banking regulators and foreign jurisdictions.

FASB begins overhaul of hedge accounting standards

The US accounting standard setter is gradually rethinking rules on whether positions can be accounted for as financial hedges rather than risk exposures.

Fed releases first determination of total financial firm liabilities

The US Federal Reserve has published figures that will be used to determine if bank mergers are permitted.