At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
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The CFTC and the Bank of England entered into a Memorandum of Understanding relating to the supervision of clearinghouses operating on a cross-border basis in the United States and the United Kingdom.
The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”
FIA partnered with data analytics firm Greenwich Associates on a study of trends in the derivatives markets. Researchers surveyed market participants on derivative product usage, counterparty relationships and regulatory developments.
ISDA published a guide to the cross-border application of U.S., EU and Japan margin rules for non-cleared derivatives.