The CFTC voted to adopt new rules to address the cross-border application of a number of swaps requirements. The CFTC also withdrew prior "ANE" guidance, issued a related no-action letter and amended a previous order exempting certain SEFs from registration.
In a new report, researchers at the European Capital Markets Institute of the Centre for European Policy Studies found that derivatives markets can "contribute to the significant capital raising and investing that will be required to transition to a low carbon economy."
The CFTC Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight issued no-action relief for swaps margin and reporting requirements related to the sale of EU-listed warrants.
The European Supervisory Authorities made final revisions to report on bilateral Margin Regulatory Technical Standards requirements in order to align with the Basel Committee and IOSCO international framework.
A group of fourteen trade associations urged the European Commission to grant an extension for the temporary equivalence for UK central counterparties until certain regulatory implementations have been made under EMIR 2.2 and until the European Securities and Markets Authority.
In response to the European Securities and Markets Authority draft technical advice on criteria for tiering and comparable compliance, a number of associations concluded that certain indicators are so broad they create legal ambiguity.
ISDA, SIFMA, SIFMA AMG and the Association of the Luxembourg Fund Industry called on regulators to make changes to uncleared derivatives margin requirements under the European Market Infrastructure Regulation.
The U.S. Treasury Department stated that it expects U.S. financial institutions to ignore the European Commission's list of jurisdictions with strategic Anti-Money Laundering / Countering the Financing of Terror deficiencies.
CFTC Chair J. Christopher Giancarlo called on EU regulators to "commit to an equivalence determination process that focuses on achieving comparable regulatory outcomes and not rule-by-rule exactitude."