CME Seeks Clearing Shift Reshaping Derivatives

CME Seeks Clearing Shift as Rules Reshape Derivatives CME Group Inc. is seeking to broaden access to its clearinghouse, letting investors bypass banks in what could be a major step toward reshaping how the derivatives industry works. Under the plan, asset managers who trade futures and swaps would be able to post collateral directly in…



U.S. derivatives regulator approves swaps margin rules

(Reuters) – The U.S. derivatives regulator on Wednesday approved a final rule for safety margins on uncleared swaps, part of its efforts to drive down excessive risk-taking in the $710 trillion global market. In a 2-1 vote, the Commodity Futures Trading Commission endorsed the rule for those swaps that are traded outside of clearing houses.…


SEC Cyber-Security Sweep: Good News, Bad News

The SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a risk alert on Feb. 3 detailing the results of its “Cyber Security Examination Sweep.” As part of OCIE’s Cyber Security Examination Initiative, adopted last year, OCIE staffers conducted sweeping examinations of a small sampling of SEC-registered financial services – specifically, 57 broker-dealers (representing fewer…