Commentary by Bob Zwirb and Steven Lofchie
CFTC Commissioner Dan Berkovitz expressed concerns about the concentration in clearing services and the systemic risk resulting from the materially reduced number of futures commission merchants.
IOSCO urged market participants to assess their exposure in preparation for USD LIBOR's anticipated cessation.
ISDA found that an "overwhelming" majority of respondents preferred the "compounded setting in arrears rate" for the term adjustment to the applicable risk-free rate.
In a 2019 FDIC Risk Review, the agency highlighted credit and market risk as key threats to the banking industry.
FINRA requested comment on a proposal to report transactions of U.S. dollar-denominated foreign sovereign debt securities to the Trade Reporting and Compliance Engine.