The CFTC published in the Federal Register its request for comment regarding swap data recordkeeping and reporting requirements. The request for comment was developed by the newly created CFTC interdivisional staff working group, which is reviewing CFTC swap data reporting rules to make recommendations, resolve reporting challenges and consider data field standardization and consistency in reporting by market participants. The interdivisional working group – which includes staff from the Division of Market Oversight, the Division of Clearing and Risk, the Division of Swap Dealer and
News & Insights
The CFTC published in the Federal Register its interim final rule and request for comment regarding access to swap data repository ("SDR") data by market participants. The interim final rule clarifies that, for a swap which is executed anonymously on a swap execution facility or designated contract market, and which is then cleared in accordance with the CFTC's straight-through processing requirements, the data and information maintained by a registered SDR that may be accessed by either counterparty to the swap does not include information as to the other counterparty or the other
The SEC announced that G. Jeffrey Boujoukos has been named the associate regional director for enforcement in its Philadelphia office. Mr. Boujoukos will oversee the Philadelphia office's enforcement efforts covering the Mid-Atlantic region. See: Press Release.
SIFMA and EU trade associations issued a joint statement in support of a Transatlantic Trade and Investment Partnership ("TTIP") that includes financial services regulatory coordination in advance of the March 26, 2014, EU-U.S. Summit attended by the U.S. President, European Council President and European Commission President. The organizations stated that the Summit is "a critical opportunity to strengthen the transatlantic relationship, build trust, enhance coordination, reduce conflict and confusion, and improve the efficiency of regulations across jurisdictions for the benefit of
House Ways and Means Chairman Dave Camp (R-Mich.) announced in a Memorandum that the Committee will hold hearings in early April to determine which "extenders" should be made permanent. "Extenders" refers to a list of some 60 tax provisions that expired at the end of 2013. These include the production tax credit, the research and development tax credit, special treatment of certain interest-related dividends from regulated investment companies ("RICs"), and the active financing exception to the controlled foreign corporation rules, all of which were passed by Congress with "sunset" dates. In