News Centre

Statement Of CFTC Commissioner Kristin N. Johnson: Proposed Amendments To CFTC Regulation 4.7 - Heighten Disclosure And Enhance Customer Protections

Date 02/10/2023

History of Disclosure-Centered Regulation

Federal regulation expressly establishes that customer protection is a core principle of and central to the oversight mission of the Commodity Futures Trading Commission (CFTC or Commission).  For almost a century, mandatory disclosure has played a critical role in market regulation, directly shaping the development of the U.S. capital and derivatives markets.  Requiring disclosure of material information mitigates inherent asymmetries of information.

CFTC Approves Proposed Rule Regarding Exemptions From Certain Compliance Requirements For Commodity Pool Operators, Commodity Trading Advisors, And Commodity Pools

Date 02/10/2023

The Commodity Futures Trading Commission today published a proposed rule that would amend CFTC Regulation 4.7, a provision that provides exemptions from certain compliance requirements for commodity pool operators (CPOs) with respect to commodity pool offerings to qualified eligible persons (QEPs) and for commodity trading advisors (CTAs) with respect to trading programs advising QEPs.

Statement Of CFTC Commissioner Christy Goldsmith Romero In Support Of Enforcement Case Against Bank Of America And Merrill Lynch For Violating Reporting & Supervision Rules Designed To Identify Systemic Risk

Date 02/10/2023

As financial regulators, we have a responsibility to guard against post-crisis complacency towards Dodd-Frank Act rules—complacency that exposes the U.S. financial system to systemic risk.  This case against Bank of America and Merrill Lynch is an example of just such complacency, and I strongly support it.

Monetary Policy And Financial Stability, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The Forecasters Club Of New York, New York, New York

Date 02/10/2023

Thank you for the opportunity to speak to you. I would like to talk with you today about the intersection of my two roles at the Federal Reserve as the Vice Chair for Supervision at the Federal Reserve Board and as a member of the Federal Open Market Committee (FOMC). In particular, I'll focus on the interaction of monetary policy and financial stability policy.

Keynote Address Of CFTC Chairman Rostin Behnam At The Futures Industry Association Expo 2023, Chicago, Illinois

Date 02/10/2023

Introduction

Good morning and thank you Walt, and to everyone at FIA for inviting me to join you this morning to help kick off this year’s Expo.  There is much going on at the CFTC, and our markets are more important than ever as a time-tested means for assessing, monitoring, and managing risk, and for exploring ways to ensure a resilient and stable future.

ISDA Research Notes: Examining IRD Trading Activity In Response To Rising Interest Rates And RFR Transition

Date 02/10/2023

The US Federal Reserve’s series of interest rate hikes, which started with a 0.25% increase in March 2022 and was followed by 10 additional increases to August 2023, has likely contributed to significant growth in interest rate derivatives (IRD) trading activity. This appears to have been driven by the need to manage risk, protect against adverse rate movements and optimize borrowing or investment strategies.

SEC Spotlights Due Diligence During World Investor Week 2023

Date 02/10/2023

The Securities and Exchange Commission today announced it will highlight the importance of investor education and protection during World Investor Week (WIW) 2023, which takes place October 2-8. Arising technologies and new digital tools are making it easier and quicker to invest. Taking time to do due diligence can help investors avoid fraud and make better informed investment decisions.

Brief Remarks On The Economy And Bank Regulation: Federal Reserve Governor Michelle W. Bowman, At The CEO/Executive Management Conference Sponsored By The Mississippi Bankers Association And The Tennessee Bankers Association, Banff, Canada

Date 02/10/2023

Thank you for the invitation to join you today. It is a privilege to speak to so many bank leaders from Mississippi and Tennessee together at the same time, and I appreciate the opportunity to be here with you.1 As a former community banker, one of the most informative, enjoyable, and productive aspects of my role is the time I spend with community bankers, listening to issues that are important to you and that affect you and your customers, including, of course, the impact of the Fed's regulation and supervision. Community banks play a key role in supporting economic growth and lending to serve their customers and communities, which is an indispensable role in the U.S. economy.

MIAX Options, MIAX Pearl Options And MIAX Emerald Options Exchanges - October 2023 Fee Changes

Date 02/10/2023

Effective October 2, 2023, pending filing with the SEC, MIAX Options, Pearl Options, and Emerald Options will amend non-transactional fees:

Federal Reserve Board Launches Instagram And Threads Accounts With The Aim Of Increasing The Accessibility And Availability Of Board News And Educational Content

Date 02/10/2023

The Federal Reserve Board on Monday launched its Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content.