Regulators in Canada, U.S. and Europe spurred by recent market turmoil to increase scrutiny
The Federal Reserve Bank of New York said that it welcomes a pledge by major market participants to further strengthen the operational infrastructure for over-the-counter derivatives.In a letter released today, market participants outline plans for building a stronger integrated operational infrastructure capable of supporting the rapidly growing OTC derivatives market.The commitments presented in this letter […]
Act will allow MX to be more efficient, minister says
The Federal Reserve Bank of New York hosted a meeting to review the industry’s strategy for addressing weaknesses in the operational infrastructure of the over-the-counter derivatives market.Yesterday’s meeting, which included major market participants and their domestic and international supervisors, was the fourth with major dealers on this topic and the first to include buy-side clients […]
Index opens freight derivatives market to institutional investors and private banking clients
Proposed framework is designed to be closely harmonized with U.S. legislation
The Bank for International Settlements reports continued strong growth in global over-the-counter derivatives markets.Today the BIS released the latest statistics on positions in the global OTC derivatives market, reporting that positions grew at a rapid pace over the period since the last triennial survey in 2004.Notional amounts outstanding increased by 135% to US$516 trillion at […]
FSA consultation paper paper proposes two alternative approaches to securing greater disclosure
FIA, FOA announce new framework for co-operation
Turnover in traditional foreign exchange instruments increased by 71%