Two large buy-side trade groups asked regulators to provide transitional relief from the March 1 compliance date for variation margin requirements.
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FIA CEO Walt Lukken urged President Trump to reduce the "cumulative regulatory burden" of the Dodd-Frank Act and other post-crisis regulations on derivatives markets.
The CFTC requested comments on proposed changes that would (i) remove indemnification requirements for the use of swap data by other regulators, and (ii) integrate existing advisory guidance on rules concerning the registration and review of exchange disciplinary actions. The request for comments was published in the Federal Register.
The Board of Governors of the Federal Reserve System adopted a final rule on total loss-absorbing capacity intended to help government authorities "resolve in an orderly way the largest domestic and foreign banks operating in the United States" without "support from taxpayer-provided capital."
The Internal Revenue Service and the Treasury submitted final and temporary regulations to the Office of the Federal Register regarding requirements related to equity-linked instruments.