News Centre

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding Proposed Rule On System Safeguards Testing Requirements

Date 16/12/2015

In one of our very first conversations over a year and a half ago, Chairman Massad and I discussed the many risks that cyber threats pose to trading markets. We agreed that cyber and overall system security is one of the most important issues facing markets today in terms of trading integrity and financial stability.

European Parliament Confirms The Extension Of Andrea Enria As Chairperson Of The EBA

Date 16/12/2015

The European Parliament (EP) confirmed today the extension of the mandate of Andrea Enria as Chairperson of the European Banking Authority (EBA) until February 2021. The confirmation follows a public hearing held at the Economic and Monetary Affairs Committee (ECON) of the European Parliament.

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding Final Rule On Margin Requirements For Uncleared Swaps

Date 16/12/2015

Today’s final rule regarding margin requirements for uncleared swaps is far from perfect. The Commission had the unenviable task of harmonizing its rule with the prudential regulators’ rules and with standards issued by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions (BCBS/IOSCO). While there are particular provisions of the final rule that I do not support, I think the final rule is far better balanced than the previous proposal.

GPW Publishes The New RESPECT Index Portfolio

Date 16/12/2015

• GPW has published the results of the ninth edition of the RESPECT Index on 16 December 2015
• The Index has 23 participating companies, including one new member: Bank Ochrony Środowiska
• The RESPECT Index has gained 31% since its first publication in 2009

Concurring Statement Of CFTC Commissioner Sharon Y. Bowen Regarding Notice of Proposed Rulemaking On System Safeguards Testing Requirements

Date 16/12/2015

Today, we are considering two rule proposals that address an issue which is right at the heart of systemic risk in our markets – cybersecurity. The question that we face is: with a problem as immense as cybercrime, and the many measures already being employed to combat it, what would today’s proposed rules accomplish? In answer to that question, I want to say a few words about our cybercrime challenge, what is currently being done to address it, and what I hope these proposed regulations would add to these efforts.

EBA Defines Harmonised Prudential Requirements For Central Securities Depositories (CSDs)

Date 16/12/2015

The European Banking Authority (EBA) published today its draft Regulatory Technical Standards (RTS) on prudential requirements for Central Securities Depositories (CSDs). These RTS will define a prudential framework for CSDs and harmonise calculations for their capital requirements which currently vary across Member States. These RTS have been developed within the framework of the Central Securities Depositories Regulation (CSDR) to increase the safety and efficiency of securities settlement and settlement infrastructures.

CFTC Unanimously Approves Proposed Enhanced Rules On Cybersecurity For Derivatives Clearing Organizations, Trading Platforms, And Swap Data Repositories

Date 16/12/2015

The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to approve two proposals for amendments to existing regulations addressing cybersecurity testing and safeguards for the automated systems used by critical infrastructures the Commission regulates. The proposals will be open for public comment during a 60-day comment period after their publication in the Federal Register.

ESMA Publishes Updated CRA Q&A

Date 16/12/2015

The European Securities and Markets Authority (ESMA) has published an updated questions and answers on the application of the Credit Rating Agencies Regulation.

Financial Conduct Authority: Brookbourne Trading Limited

Date 16/12/2015

Brookbourne Trading Limited has been compulsorily wound-up by the High Court on the application of the Financial Conduct Authority (FCA) on the grounds that it was conducting regulated activity without the necessary authorisation from the FCA.

Opening Statement Of CFTC Chairman Timothy Massad Before The Commission Open Meeting

Date 16/12/2015

Good morning. This meeting will come to order.

This is a public meeting of the Commodity Futures Trading Commission (CFTC). I’d like to welcome members of the public, market participants and members of the media, as well as those taking part on the phone or via webcast.