The CFTC Office of Inspector General ("OIG") alleged that the CFTC's stress-testing capabilities for testing margin models associated with uncleared swaps have been undermined by "a failure of leadership, poor decision-making, and territoriality" in the Risk Surveillance Branch of the Division of Clearing and Risk. The report by the OIG resulted from allegations of mismanagement conveyed to it "by multiple CFTC whistleblowers." The allegations, which appear in the OIG's Semiannual Report issued on December 14, 2018, and which refer to a report by the same office issued earlier in the year
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Cadwalader partners summarized key provisions of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
The CFTC issued staff guidance to exchanges and clearinghouses to "ensure proper surveillance and oversight of the trading and clearing of virtual currency contracts."
The Committee on Payments and Market Infrastructures and IOSCO published revised guidance for regulators on designing and operating supervisory stress tests for central counterparties.
CFTC Market Risk Advisory Committee members reviewed the self-certification process for listing new products on exchanges.