FIA urged the SEC to exclude futures commission merchants from its proposed requirement to centrally clear transactions in Treasury securities.
News & Insights
The CFTC final rule amending the uncleared swap margin requirements was published in the Federal Register. The final rule will become effective on December 26, 2018. As previously covered , the amendments were adopted to comply with the stay-related rules applicable to "qualified financial contracts" ("QFCs"). Further, the adopted amendments clarify that (i) swap agreements are not excluded from the CFTC Margin Rule definition of "eligible master netting agreement," based on their compliance with the QFC rules, and (ii) any legacy uncleared swap that is out of scope for the CFTC swap margin
ISDA CEO Scott O'Malia outlined recent and forthcoming efforts to address benchmark reforms.
CME Group will launch monthly and quarterly Secured Overnight Financing Rate futures on May 7, 2018.
ISDA, the Association of Financial Markets in Europe, International Capital Market Association, and SIFMA highlighted the challenges of transitioning from Interbank Offered Rates to risk free rates.