House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) proposed legislation that would establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.
News & Insights
The CFTC Division of Clearing and Risk staff reminded derivatives clearing organizations of the heightened compliance risks to those offering digital asset-related products.
The Bank for International Settlements and IOSCO reported on margin dynamics in centrally cleared commodities markets in 2022. The report shed light on central counterparties' decision-making processes regarding margin requirements and risk management practices during elevated market volatility.
The CFTC Division of Clearing and Risk encouraged persons using certain swap execution facilities-related "prime brokerage arrangements" for swaps to consider whether the arrangements require derivatives clearing organization registration.
The CFTC and Bank of England enhanced their cooperation on oversight of derivatives clearinghouses.