Blog

The European Commission and US CFTC claim to have agreed on a common approach for swaps contracts so that there can be a greater uptake of trade on electronic platforms to aid transparency and minimize risk. With credit default swaps and interest swaps at the heart of the matter for the 2007-09 financial crisis, implementation of double compliance for banks and businesses have increased the option

The Canadian Securities Administrators (CSA) published the CSA Staff Notice 91-304 on January 16, 2014. The CSA, otherwise known as the “Central Clearing Rule,” was established by the CSA back in December 19, 2013, and is now forming the basis for the proposed Canadian rules to central counterparty clearing. The clearing of derivatives along with regulatory compliance has always been a lengthy and

After three years of review and consultation, the European Union agreed Tuesday January 14, 2014 to adopt MiFID II regulation, with some modifications. Still in preliminary stages, MiFID II, or the Markets in Financial Instruments Directive, contains numerous stipulations that attempt to increase the transparency and safety of the financial markets. Key highlights of MiFID II include the creation

A leading electronic swap trading platform provider, Javelin Capital Markets LLC, is now closer to fulfilling the process required to list swaps in compliance with the CFTC’s new rules. The firm recently completed filing its request to the CFTC, after which there is now a 90 day approval period. Following that, if accepted, Javelin will be one of the first firms to offer users the ability to trade

FINCAD and our German partner, Nagler & Co., co-hosted a one-day conference in Vienna, Austria on Wednesday December 4th. Approximately twenty representatives from as many Austrian bank risk departments were in attendance. The morning consisted of a focus on the latest regulatory initiatives surrounding counterparty credit risk – specifically regarding margin requirements for non-centrally cleared