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Securities and Exchange Commission

U.S. derivatives regulator splits with White House over budget

May 23, 2017

The Republican-led U.S. derivatives regulator pushed back against White House efforts on Tuesday to rein in its fiscal 2018 budgets, saying it needs additional resources to carry out its mission to monitor the marketplace and analyze rules.

Dodd-Frank Overhaul Could Cause Fiduciary Rule Mess

May 9, 2017

A major overhaul of the Dodd-Frank Act that would also repeal the DOL’s fiduciary rule could cause a mess for the financial services industry if it is enacted after the rule’s June 9 applicability date.

U.S. to expand rules for 'too-big-to-fail' clearing houses

September 29, 2016

The U.S. Securities and Exchange Commission on Wednesday said it would adopt rules to strengthen the regulatory framework for clearing agencies deemed systematically important or that are involved in complex transactions, such as security-based swaps.

Brave new world for U.S. financial stability council after MetLife

May 4, 2016

The U.S. Financial Stability Oversight Council’s recent review of the asset management industry seemed a rather routine piece of regulatory work. But the review released last week comes in a charged atmosphere for the council because of a court decision that rescinded its designation of insurer MetLife as a systemically important financial institution, or SIFI.

US regulator hits out at new securitisation requirements

March 3, 2016

A senior US regulator has slammed incoming rules that will require managers of bonds backed by mortgages and other loans to retain 5 per cent of the credit risk of new deals, calling for an investigation into the impact the requirements are having on the securitisation industry.

US Sen. Elizabeth Warren calls for update on performance of Dodd-Frank 'whistleblower' protections

November 18, 2015

U.S. Sen. Elizabeth Warren, D-Mass., and Republican Chuck Grassley, of Iowa, urged the Securities and Exchange Commission this week for an update on the performance of so-called "whistleblower" protections created under the Dodd-Frank Act.

SEC Enforcement Chief Looks Back Over the Past Year

October 21, 2015

SEC Enforcement Chief Andrew Ceresney says that fiscal 2014 which ended September 30 was a “very strong year” for the division “which spanned the entire spectrum of the securities industry” and included many actions that were the “firsts of their kind actions.”

Deutsche Bank Ignored Its CDS Problems Until They Went Away

May 27, 2015

Today the Securities and Exchange Commission fined Deutsche Bank $55 million for accounting misstatements relating to some crisis-era credit derivatives, and reading the SEC order makes me feel like a peasant in the Dark Ages discovering a classical Greek statue in a pile of rubble. 

Regulators must remain vigilant in supervising clearinghouses

March 20, 2015

Last month the board of the International Organization of Securities Commissions (IOSCO) met in Seoul to discuss a number of agenda items, including safeguards for central counterparties, or CCPs.

Swaps Reporting, Dodd-Frank Rollback, Big Banks: Compliance

January 15, 2015

U.S. regulators adopted rules that will require most swaps trades to be publicly reported, a response to lax derivatives oversight in the run-up to the credit crisis.


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