Swap Market

CFTC To Investigate EFS Trades In Energy And Metal Markets

by Elan Mendel | Shipkevich PLLC on 5/15/2013

The Commodity Futures Trading Commision (CFTC) is investigating a large number of trades in energy and metal markets to determine whether traders illegally used over-the-counter swaps markets to trade futures....more

Swaps Clearing Deadline Nears

by Elan Mendel | Shipkevich PLLC on 4/15/2013

Swaps clearing deadline nears, as close to 250 to 300 U.S. investment managers are required to begin clearing swaps transactions by June 10th. According to Reuters, asset managers have been slow to create accounts with...more

Upcoming Deadlines for Private Funds that Trade Swaps

by Proskauer Rose LLP on 4/10/2013

Some of the key changes to the swaps markets contemplated by the Dodd-Frank Act are starting to take effect. Some key upcoming deadlines affecting private investment funds are highlighted below. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Impending Swap Reporting Requirements to Impact All Swap Market Participants

by Maureen A. Donley, Joyce Penn Farnsworth, Ann Hawkins, Theodore M. Kneller, Daniel S. Konar II, Yossi Vebman, Mark D. Young | Skadden, Arps, Slate, Meagher & Flom LLP on 4/5/2013

All swap market participants, including commercial end-users, should be aware of the upcoming April 10 deadline for Commodity Futures Trading Commission (CFTC) swap reporting and recordkeeping requirements under Parts 43, 45...more

CFTC Exempts Interaffiliate Trades From Dodd-Frank Clearing

by Elan Mendel | Shipkevich PLLC on 4/2/2013

The CFTC has adopted a rule that exempts interaffiliate trades from the Dodd-Frank Act requirements for clearing. Barclays, JPMorgan Chase & Co., and other banks are among those exempt from the Dodd-Frank Act swap market...more

CFTC Delays Swaps Vote

by Elan Mendel | Shipkevich PLLC on 2/13/2013

Yesterday, the CFTC delayed a vote that would establish trading venues for complex derivatives that contributed to the 2008 financial crisis. The Wall Street Journal reports that the agency’s swing vote brought up concerns...more

CFTC Unlikely To Close Derivatives Loopholes Used by Wall Street

by Elan Mendel | Shipkevich PLLC on 12/3/2012

The U.S. Commodity Futures Trading Commission (CFTC) is unlikely to close foreign loopholes used by Wall Street to help its offshore clients evade new rules governing swaps and the $640 trillion OTC derivatives market....more

CFTC Issues First Set of Mandatory Clearing Determinations and Time-Limited No-Action Relief

by Sutherland Asbill & Brennan LLP on 12/3/2012

On November 28, the Commodity Futures Trading Commission (CFTC) issued final clearing determinations (Final Determinations) with respect to four classes of interest rate swaps (IRS) and two classes of credit default swaps...more

CFTC Issues Proposed Swaps Report for Public Comment

by Leonard, Street and Deinard - Dodd-Frank and... on 11/19/2012

The Commodity Futures Trading Commission, or CFTC, has issued, for public comment, a proposed CFTC Swaps Report that, when the proposal is finalized, will give the public a view into the previously dark swaps market....more

CFTC Shines Light on Swaps Market with ‘Swaps Report’

by Elan Mendel | Shipkevich PLLC on 11/15/2012

The U.S. Commodity Futures Trading Commission (CFTC) on Wednesday issued for public comment a new “CFTC Swaps Report” that tries to pry the lid off the “dark swaps market.” The CFTC Swaps report aims at market...more

CFTC Commissioner Bart Chilton Talks Looming Swaps Rules

by Felix Shipkevich | Shipkevich PLLC on 11/15/2012

U.S. Commodity and Futures Trading Commission (CFTC) member Bart Chilton has stated that Swap Execution Facilities are here to stay. In an address delivered to Risk USA 2012, Chilton discussed future swaps rules expected by...more

CME vs. CFTC vs. DTCC: The Future of Swaps Regulation

by Elan Mendel | Shipkevich PLLC on 11/13/2012

CME Group’s lawsuit against the CFTC over swaps regulation has a new twist: The Depository Trust and Clearing Corp (DTCC) is evaluating legal action against CME should the case move forward....more

CFTC, SEC Host Private Election Day Meeting for Foreign Regulators

by Shipkevich PLLC on 11/6/2012

The U.S. Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC) are meeting in private on election day to discuss international compliance. At issue is exactly how the global economy will move...more

Financial Services Bulletin: Action at the SEC, DC Circuit Court, and the CFTC

by Perkins Coie on 10/25/2012

In This Issue: - SEC Proposes Security-Based Swap Rules - Court Challenge Filed to the SEC's "Conflict Mineral" Rules - CFTC Proposes Security-Based Swap Rules...more

CFTC Eases Access to Swaps Data: Extraterritoriality Update

by Shipkevich PLLC on 10/23/2012

The Commodity and Futures Trading Commission (CFTC) voted 3-2 on Monday to approve a rule that makes it easier for foreign regulators to access U.S. swaps data....more

Extraterritoriality Blues: UK, Japan, EU Warn CFTC on Swaps Regulation

by Shipkevich PLLC on 10/19/2012

Regulators in the UK, Japan, and the EU are demanding that the CFTC scale back extraterritoriality rules that would broaden American oversight of the $640 trillion swaps market....more

CFTC Grants Short-Term Extension for Swap Dealers

by Shipkevich PLLC on 10/15/2012

The Commodity and Futures Trading Commission (CFTC) announced on Friday that swap dealers would be granted a short-term delay on a new rule that mandates the counting of swaps as a component of registration....more

CFTCs Gensler Heralds New Era of Swaps Market Reform

by Shipkevich PLLC on 10/12/2012

U.S. Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler announced a “new era of swaps market reform” beginning today, when new rules and regulations affecting the $650 trillion swaps market go into...more

CME Awaits CFTC Approval for New Futures Contracts

by Shipkevich PLLC on 9/20/2012

CME Group, one of the biggest U.S. clearers of interest rate swaps, will offer new futures contracts starting November 13, pending clearance from the Commodity Futures Trading Commission. The plan to offer the new...more

CFTC Issues SD/MSP Risk Management Rule

by Shipkevich PLLC on 8/28/2012

The CFTC voted 5-0 Monday to approve a final rule governing swap dealer and major swap participant requirements for swap trading relationship documentation, swap confirmation, reconciliation and compression of swap...more

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