The Board of Governors of the Federal Reserve adopted new operational risk management requirements for systemically important designated clearing organizations.
News & Insights
The CFTC extended the comment period until April 1, 2024, for a proposed rule that would require that futures commission merchants and swap dealers establish and maintain an "Operational Resilience Framework."
The CFTC proposed a rule to require that futures commission merchants and swap dealers establish and maintain an "operational resilience framework" focusing on three components: information and technology security, third-party relationships and disruptions to standard business operations.
CFTC Commissioners weighed in on recent cybersecurity and technology developments within the derivatives markets. The issues were considered at the CFTC Technology Advisory Committee Meeting.
A CFTC-registered futures commission merchant ("FCM") settled NFA charges for recordkeeping, reporting, disclosure and supervision failures.