NFA Touts Accomplishments in 2017 Annual Review

The NFA published its Annual Review for Fiscal Year 2017. In the report, the NFA listed notable accomplishments and developments from FY 2017, including:

• Launching the first phase of a monitoring program for swap dealer ("SD") initial margin models;

• Issuing an interpretive notice to standardize information filed for swap valuation disputes;

• Implementing new monthly risk data reporting requirements for SDs;

• The collection of new financial ratio reporting information;

• Enhancing transparency for retail foreign exchange customers;

• Undertaking efforts to improve cybersecurity education for members;

• Conducting audit trail reviews for several swap execution facilities; and

• Performing onsite exams for both U.S. and non-U.S. SDs.

The report also included statistics and information on enforcement actions, resources for members, and financial statements.