The CPMI and IOSCO concluded that the U.S. frameworks for systemically important payment systems, central securities depositories and securities settlement systems are consistent with the Principles for Financial Market Infrastructure.
The U.S. District Court for the District of Connecticut ordered a former precious metals trader to pay a civil monetary penalty for placing orders with the intention of canceling them prior to execution.
The U.S. District Court for the Southern District of New York determined that the CFTC failed to prove that a Chicago trader and his firm had either manipulated or attempted to manipulate the price of certain interest rate swaps.
IOSCO found that members have made "substantial progress" towards achieving full compliance, and, in certain instances, have improved their implementation of the "Principles for the Regulation and Supervision of Commodity Derivatives Markets."
In a final report, the Financial Stability Board, along with a group of other international financial regulatory bodies, evaluated how post-financial crisis reforms affect incentives for the central clearing of derivatives.
A U.S. District Court ruled in favor of the Board of Trade of the City of Chicago, Inc. and Chicago Mercantile Exchange, Inc. from allegations that they conspired to stop the CFTC from approving the application of a competing exchange.