by David Schwartz J.D. CPA | Mar 15, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
Over the past few weeks, the U.S. Office of Financial Research (OFR) has published a trio of papers looking at various aspects of central counterparties (CCPs). These papers range from the best way to stress test CCPs, to the adequacy of CCP margin requirements and...
by David Schwartz J.D. CPA | Jan 27, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 27, 2016, the Office of Financial Research (OFR), an arm of the Treasury Department created under the Dodd-Frank Act, issued its fourth annual report to Congress. The report highlights the results of OFR research, risks to financial markets, and OFR...
by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a joint statement issued on February 10, 2016, the European Commission (EC) and the U.S. Commodity Futures Trading Commission (CFTC) announced agreement on a common approach regarding requirements for central clearing counterparties (CCPs). The agreement is the...
by David Schwartz J.D. CPA | Oct 15, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The European Securities and Markets Authority is seeking input on its plans for mandatory central counterparty clearing of foreign exchange non-deliverable forwards (FXNDF). FXNDFs are cash-settled foreign exchange forward contracts that cannot result in physical...
by David Schwartz J.D. CPA | Nov 21, 2011 | All, Formal Regulatory Remedies
The Basel Committee on Banking Supervision has issued a Frequently Asked Questions document providing technical elaboration on its counterparty credit risk rules, published in June. This FAQ document questions and technical interpretations grouped according to the...
