An SEC and CFTC joint proposal to (i) lower the minimum customer margin requirement for security futures and (ii) revise the margin offset table consistent with the proposed reduction was published in the federal register.
As a part of its comprehensive review of swap data reporting regulations, the CFTC approved a proposal intended to improve "the quality of swap data" and the swap data repository operations and governance.
At an Energy and Environmental Markets Advisory Committee meeting, the CFTC Commissioners criticized the Supplemental Leverage Ratio and the impact it may have on the "provision of clearing services for energy derivatives transactions."
At a CFTC co-sponsored Agricultural Commodity Futures Conference, CFTC Chair J. Christopher Giancarlo described how "market-based price discovery" is the key mechanism underpinning the American agricultural economy.
EU lawmakers agreed to new legislation on how EU and third-country clearinghouses should be supervised in the future. CFTC Chair J. Christopher Giancarlo weighed in re-raising concerns about implementation.