CFTC Chair Timothy Massad urged global regulators to "take a holistic perspective" regarding central counterparty regulation and to "consider the overall system, its overall resilience, and its ability to respond if there is a problem."
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University of Houston Finance Professor Craig Pirrong stated that the CFTC's supplemental position limits proposal: "help[s] hedgers escape limits intended to constrain speculators" but provides "no discernible benefit in terms of market stability or manipulation prevention."
The SEC settled charges against a financial services firm for failing to protect customer information, some of which was accessed by hackers and offered for sale online.
The SEC reached non-prosecution agreements with two companies that agreed to forfeit ill-gotten gains from bribes allegedly paid to Chinese officials by foreign subsidiaries.
The CFTC proposed that interest rate swaps denominated in certain currencies, or that have certain termination dates, be submitted for clearing to derivatives clearing organizations by persons who are obligated to do so under the CEA.