News Centre

CFTC Swaps Report Update

Date 16/01/2024

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.

CFTC Commissioner Pham To Speak At The Filecoin Sanctuary Davos

Date 16/01/2024

Theresa Taylor Re-Elected CalPERS Board President, David Miller Elected Vice President

Date 16/01/2024

The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.

SIFMA, FIA Comment On Operational Risk Elements Of The Proposed U.S. Implementation Of The Basel III Proposal

Date 16/01/2024

SIFMA and Futures Industry Association (FIA) today submitted a comment letter to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation on proposed modifications to operational risk capital requirements under the Basel III Proposal, specifically changes that would adversely affect bank provided fee-based business activities that are critical to the functioning of the U.S. capital markets.

ISDA And SIFMA Response To G-SIB Surcharge Framework Consultation

Date 16/01/2024

On January 16, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a response to a consultation by the US Federal Reserve on proposed changes to the G-SIB surcharge.

SIFMA Responds To U.S. Basel III And G-SIB Surcharge Consultations

Date 16/01/2024

SIFMA today submitted a joint letter with the International Swaps and Derivatives Association Inc. (ISDA) responding to the U.S. Basel III ‘endgame’ notice of proposed rulemaking (NPR) and the Federal Reserve’s GSIB surcharge NPR. The response warns that the proposed increases in capital for banking organizations capital markets activities are far greater than stated in the NPR and are not commensurate with the underlying risks.

ISDA And SIFMA Response To US Basel III NPR

Date 16/01/2024

On January 16, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint response on the US Basel III ‘endgame’ notice of proposed rulemaking (NPR). The response focuses on the Fundamental Review of the Trading Book (FRTB), the revised credit valuation adjustment (CVA) framework, the securities financing transactions requirements and elements of the standardized approach to counterparty credit risk rules.

Euronext Brussels Celebrates Belgian Financial Excellence At Its 2024 Awards Ceremony

Date 16/01/2024

Euronext Brussels today presented its 2024 Awards during its annual New Year Event held in Brussels. The prestigious event, organised in collaboration with Guberna, was attended by over 500 representatives from the Belgian and international financial community.

US Bank Capital Proposals Would Increase Capital Requirements For Client Clearing By 80% - FIA Estimates That Top Six US Clearing Banks Would Need More Than $7.2 Billion In Additional Capital For Derivatives Clearing Services

Date 16/01/2024

FIA strongly opposes provisions of two separate proposed rules put forward by US bank regulators that would dramatically increase capital requirements for derivatives clearing services that banks offer to their clients. Looking at just the six largest US banks that offer clearing, FIA estimates that these provisions would increase their capital requirements for client clearing by more than 80%.

EBA Consults On Targeted Amendments To The Prudent Valuation Framework

Date 16/01/2024

The European Banking Authority (EBA) today published a consultation paper on targeted amendments to the Regulatory Technical Standards (RTS) on prudent valuation, aiming to promote a more harmonised application of the RTS and to reduce the observed variability of additional value adjustments (AVAs) under the core approach, as well as to set the rules for the application of the prudent valuation framework in extraordinary circumstances. The consultation runs until 16 April 2024.