Commissioner Bart Chilton's speech covers the state of US regulatory bodies, and how the health of these agencies affects their ability to enforce the Dodd-Frank Act. View speech in full here(links externally to CFTC website).

This pertains to NFA Compliance Rule 2-10: The Allocation of Bunched Retail Forex Orders for Multiple Accounts NFA Compliance Rule 2-10 adopts by reference CFTC Regulation 1.35, which, among other things, imposes on futures commission merchants ("FCMs") and retail foreign exchange dealers ("RFEDs") certain recordkeeping requirements relating to customer forex orders. The purpose of the regulation is to prevent various forms of customer abuse, such as the fraudulent allocation of trades, by providing an adequate audit trail that allows customer orders to be tracked at every step of the order

European Banking Authority June 15, 2012 The European Banking Authority has launched a consultation on draft regulatory technical standards on capital requirements for central counterparties. The consultation will be open until July 31, 2012.

The CFTC announced that its Technology Advisory Committee (TAC) will hold a public meeting on Wednesday, June 20, 2012, at the Commission's headquarters in Washington, DC from 10:00 a.m. to 5:00 p.m. In addition to introducing the newest members of the TAC as part of the biennial renewal of the Committee charter, this meeting will focus on two significant issues facing the futures and swaps industries as the Commission continues to finalize rules under the Dodd-Frank Act. These issues are: (1) automated and high frequency trading (HFT); and (2) the aggregation of liquidity across designated

Comptroller of the Currency Thomas J. Curry discussed his perspective on losses reported by JPMorgan Chase during today's testimony before the House Financial Services Committee. During his testimony, the Comptroller described the agency's two-pronged response. "The first component focuses on evaluating the adequacy of current risk controls at the bank," the Comptroller said. "We are actively assessing the quality of management and risk management; board oversight; the types and reasonableness of risk measurement metrics and limits; the model governance review process; and the quality of work