The CFTC Market Risk Advisory Committee debated clearinghouse and vendor risk management issues and announced the appointment of members to the recently established Interest Rate Benchmark Reform Subcommittee.
Members of the House Subcommittee on Monetary Policy and Trade considered testimony on proposed legislation to expand the jurisdiction, and update the operations, of the Committee on Foreign Investment in the United States.
At a U.S. House Financial Services Committee hearing, industry members and experts outlined their recommendations for Congress concerning the regulation of cryptocurrencies and initial coin offering markets.
The CFTC is soliciting nominations for membership to the Market Risk Advisory Committee, which makes recommendations to the CFTC regarding systemic issues and the evolving structure of derivatives markets and other related financial markets.
The CFTC issued an agenda for the upcoming Market Risk Advisory Committee public meeting. The CFTC will focus on recommendations concerning central counterparties in the event of a default by a clearing member.
The IRS and the U.S. Treasury Department examined proposed regulations to the Internal Revenue Code that would recharacterize certain debt instruments issued to related parties as equity for U.S. federal income tax purposes.