News Centre

Statement Of CFTC Commissioner Christy Goldsmith Romero On A Proposed Comparability Determination For Capital - Promoting The Resilience Of Swap Dealers In Mexico Through Strong Capital Requirements And Financial Reporting

Date 10/11/2022

I support the Commission considering efforts to safeguard the resilience of swap dealers, including through the proposed capital comparability determination for Mexico. The proposal recognizes that strong capital requirements are essential to ensure a swap dealer’s safety and soundness, and that cross-border coordination with a like-minded regulator can promote financial stability. I commend the staff for their hard work on today’s proposal – and thank them for working closely with me and my office on changes to improve the proposal.

Statement Of CFTC Commissioner Christy Goldsmith Romero On Proposed Rule On Cybersecurity Incident Reporting - Proposal For Expanded Cybersecurity Incident Notification

Date 10/11/2022

I support the Commission considering expanding requirements for clearing house notifications to the CFTC of cybersecurity incidents and clearing system malfunctions.  The proposal is informed by the CFTC’s experience, which involves around 120 recent reportable events, in addition to some clearing houses who have not reported cybersecurity incidents and clearing system malfunctions as required.  I look forward to public comment on whether the proposed rule will be sufficient to hold clearing houses accountable for reporting delays or failures.  I also look forward to public comment on whether the proposed rule sufficiently adapts to the ever-evolving cybersecurity threat landscape and adequately addresses changing technologies and risks, including those related to cryptocurrencies.

Statement Of CFTC Commissioner Kristin N. Johnson In Support Of Proposed Order And Request For Comment On Mexican Capital Comparability Determination

Date 10/11/2022

I support the Commission’s issuance of the Notice of Proposed Order and Request for Comment (Notice of Proposed Order and Request for Comment) on the Application for the Capital Comparability Determination submitted on behalf of Nonbank Swap Dealers subject to Regulation by the Mexican Comisión Nacional Bancaria y de Valores (Mexican Banking and Securities Commission).  The application of the nonbank swap dealers Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V.; Goldman Sachs Mexico, Casa de Bolsa, S.A. de C.V.; and Casa de Bolsa Finamex, S.A. de C.V. (Mexican nonbank swap dealers) domiciled in Mexico and subject to regulation by the Mexican Banking and Securities Commission seeking a capital comparability determination for Mexican nonbank swap dealers is the second proposed order and request for comment to come before the Commission since it adopted its substituted compliance framework for non-U.S. domiciled nonbank swap dealers in July 2020.

CFTC Commissioner Goldsmith Romero To Participate In A Fireside Chat At The 2022 Federal Reserve Bank Of Chicago Financial Markets Group Fall Conference

Date 10/11/2022

SEC Charges Pharmaceutical Co. Chief Information Officer In $8 Million Insider Trading Scheme

Date 10/11/2022

The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information Officer of pharmaceutical company Viatris Inc., which was formerly known as Mylan N.V.

CFTC Approves A Proposed Rule And A Proposed Order And Request For Comment

Date 10/11/2022

Today, the Commodity Futures Trading Commission voted to advance two proposals. The first is a proposed rule on reporting and information requirements for derivatives clearing organizations (DCOs). The second is a proposed order and a request for comment on an application for a capital comparability determination submitted on behalf of nonbank swap dealers subject to regulation by the Mexican Comision Nacional Bancaria y de Valores.

CFTC Commitments Of Traders Reports Update

Date 10/11/2022

Due to the Federal holiday observed on Friday, November 11, the weekly Commitments of Traders report will be released on Monday, November 14 at 3:30pm.

Canadian Securities Regulators Provide Guidance On Changes To Swap Data Reporting Rules

Date 10/11/2022

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 96-303 Derivatives Data Reporting Transition Guidance.  

ISDA-Clarus RFR Adoption Indicator: October 2022

Date 10/11/2022

The ISDA-Clarus RFR Adoption Indicator was 51.3% in October 2022 compared to 51.1% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD increased to 45.4% of total IRD transacted in October 2022 compared to 44.9% the prior month.

CFTC Commissioner Goldsmith Romero To Participate In A Panel Discussion At FIA Expo 2022

Date 10/11/2022