NFA provided guidance on use of alternative reference rates in initial margin calculation models for uncleared swaps.
News & Insights
NFA adopted rules establishing minimum capital requirements for member swap dealers that are not prudentially regulated. The rules go into effect October 6, 2021.
NFA proposed rules establishing minimum capital requirements for member swap dealers and major swap participants that are not prudentially regulated.
NFA reminded members that retail foreign exchange dealers / forex dealer members and introducing brokers must account in their net capital computations for guaranteed obligations and liabilities of subsidiaries or affiliates.
The Institute of International Bankers, ISDA and SIFMA and NFA recommended several modifications to a CFTC proposal to amend capital and financial reporting requirements for swap dealers and major swap participants.