News Centre

Statement Of CFTC Commissioner Dawn D. Stump Regarding Final Rule: Amendments To Compliance Requirements For Commodity Pool Operators On Form CPO-PQR

Date 06/10/2020

Data is essential to our work here at the Commodity Futures Trading Commission, and as such I am pleased that we are devoting attention to improving and refining the information the agency requires.  At our most recent meeting, the Commission finalized significant improvements to our swap data reporting rules.  Today we continue to make progress regarding our data collection efforts and are moving in the right direction when it comes to CFTC Form CPO-PQR.  I wish to thank the Division of Swap Dealer and Intermediary Oversight, Office of the Chief Economist, and Office of the General Counsel for their efforts in advancing this final rule before us.

ISDA And Digital Asset Launch CDM Clearing Pilot Using DAML

Date 06/10/2020

ISDA today announced a pilot implementation of the Common Domain Model (CDM) for the clearing of interest rate derivatives using DAML, an open-source smart contract language created by Digital Asset. ASX and UBS have been providing input to validate additional functionality of the CDM alongside ISDA and Digital Asset.

CFTC Commissioner Stump To Participate In A Fireside Chat At The Security Traders Association 2020 Market Structure Conference

Date 06/10/2020

Concurring Statement Of CFTC Commissioner Rostin Behnam Regarding The Amendments To Compliance Requirements For Commodity Pool Operators And Form CPO-PQR

Date 06/10/2020

I respectfully concur with the Commodity Futures Trading Commission’s (the Commission or CFTC) issuance of today’s final rule (the Final Rule) amending Regulation 4.27 and Form CPO-PQR.  As a whole, the Final Rule provides a thoughtfully balanced and complete evaluation of the issues identified in the notice of proposed rulemaking and the responsive comments.  Perhaps, just as importantly, the Final Rule clearly acknowledges that it is the first of several steps in the Commission’s ongoing assessment of Form CPO-PQR not only for its utility as a regulatory tool, but as a yardstick to measure improvements to the Commission’s data integration and analytical capabilities.  The Final Rule makes smart, targeted corrections without forgoing the possibility of future adjustments should the Commission later determine that additional data would support evolving regulatory initiatives or Financial Stability Oversight Counsel (FSOC) requirements to fulfill statutorily mandated duties and initiatives aimed at identifying and monitoring risks to financial stability.

Federal Reserve Begins 2020 Census Of Finance Companies And Other Lenders

Date 06/10/2020

The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy.

CFTC Chairman Tarbert To Speak At LA Blockchain Summit

Date 06/10/2020

ISDA And REGnosys Win G-20 TechSprint For Regulatory Reporting

Date 06/10/2020

ISDA and fintech firm REGnosys have won the regulatory reporting category in the G-20 TechSprint, a virtual hackathon organized by the Saudi presidency of the Group-of-20 (G-20) nations and the Bank for International Settlements Innovation Hub.

Supporting Statement From CFTC Commissioner Brian Quintenz On Final Rule To Amend Compliance Requirements For Commodity Pool Operators On Form CPO-PQR

Date 06/10/2020

I support today’s final rule that would simplify and streamline the reporting obligations of commodity pool operators (CPOs) on Form CPO-PQR.  The Commission first adopted Form CPO-PQR in 2012 and closely modeled the form on Form PF.  The Commission adopted the Form of its own volition; unlike Form PF, which is specifically mandated by the Dodd-Frank Act, there is no similar statutory directive requiring the adoption of Form CPO-PQR.[1]  In my opinion, since its adoption, the detailed information requested on Form CPO-PQR has not significantly enhanced the Commission’s oversight over CPOs and has never been fully utilized by staff.  I have long questioned the Commission’s need to know the litany of data requested on the Form.

Purdue University/CME Group Ag Economy Barometer Rises As Crop Prices Rally And USDA Announces CFAP 2

Date 06/10/2020

Farmer sentiment hit a post pandemic high in September, according to the Purdue University/CME Group Ag Economy Barometer. The index rose to a reading of 156, up 12 points from August and up 60 points from its 2020 low in April. The Current Conditions Index also saw an uptick, jumping 18 points to a reading of 142 in September, and the Future Expectations Index rose 9 points to a reading of 163. The Ag Economy Barometer is based on survey responses from 400 U.S. agricultural producers and was conducted between September 21-25, 2020.

Supporting Statement Of CFTC Commissioner Dan M. Berkovitz Regarding MOU With the Office Of Financial Research

Date 06/10/2020

I support the Memorandum of Understanding (MOU) with the Office of Financial Research (OFR) to share data collected by the Commission on Form CPO-PQR.