Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

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  • SEC Adopts Rule Of Practice 194

    Date 19/12/2018

    The Securities and Exchange Commission today announced that it has voted to adopt Rule of Practice 194.  In general, this rule creates a transparent, efficient, and comprehensive process for a registered security-based swap dealer or major security-based swap participant, collectively known as SBS Entities, to apply to the Commission for relief from the statutory disqualification prohibition found in Exchange Act Section 15F(b)(6).  Rule of Practice 194 also provides an exclusion for an SBS Entity from the prohibition in Exchange Act Section 15F(b)(6) with respect to associated persons entities, consistent with the Commodity Futures Trading Commission’s (CFTC) approach with respect to the statutory prohibition for swap entities. 

  • The European Association Of CCP Clearing Houses (EACH) Welcomes The European Commission Equivalence Decision In Clearing Services

    Date 19/12/2018

    Against the background of a hard Brexit and increasing risks to financial stability, the European Association of CCP Clearing Houses (EACH) welcomes the decision of the European Commission to agree on a temporary and conditional regime for equivalence and recognition for UK CCPs (1). This regime represents a step forward towards ensuring financial stability and avoiding amongst other the disorderly close out of positions of EU clearing members in UK CCPs guaranteeing the continuity of critical clearing services for EU clearing members in case the withdrawal of the UK from the EU occurs without an agreement (i.e. ‘no-deal’). This equivalence agreement brings increased legal certainty for the market to cope with a ‘no-deal’ scenario.

  • SEC Proposes Risk Mitigation Techniques For Uncleared Security-Based Swaps

    Date 19/12/2018

    The Securities and Exchange Commission today voted to propose rules requiring the application of risk mitigation techniques to portfolios of uncleared security-based swaps.  Proposed Rules 15Fi-3 through 15Fi-5 would establish requirements for registered security-based swap dealers and major security-based swap participants (SBS Entities) with respect to:

  • ESMA Is Ready To Review UK CCPs’ And CSDs’ Recognition Applications For A No-Deal Brexit Scenario

    Date 19/12/2018

    Recognition of UK CCPs

    The European Securities and Markets Authority (ESMA) is publishing this Public Statement to clarify its plans for the recognition of Central Counterparties established in the United Kingdom (UK CCPs) as Third Country CCPs (TC-CCPs) under Regulation (EU) No 648/2012 (European Markets Infrastructure Regulation - EMIR) for a no-deal Brexit scenario, where UK CCPs will become TC-CCPs as of 30 March 2019.

  • Trayport Monthly Euro Commodities Report For November 2018: TTF Volumes Continue To Rise, Emissions Volume Data Correction And Coal Volumes Up 18% MoM

    Date 19/12/2018

    Total monthly contracts traded in November came in at 9,884,471, down 4% MoM. The decline was mainly due to lower Emissions, Euro Power and UK Gas volumes while Coal and Euro Gas bucked the trend by posting MoM volume increases. Total 2018 YTD monthly contracts traded are up 11% to 85.5m vs 2017 YTD. LEBA, from whom we source broker bilateral data, discovered incorrect contributed data for Emissions from Jan 2018 to Oct 2018. The over representation had inflated total Emissions volume by 8% in 2018 YTD.