Deutsche Bank is facing sanctions from US regulators over a catalogue of failures that afflicted its swaps data reporting functions.
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, as required by CFTC’s swap data recordkeeping and reporting rules.
Policymakers and regulators should adopt a 'do no harm' approach to the use of blockchain technology in financial services, according to Commodity Futures Trading Commission (CFTC) Commissioner J Christopher Giancarlo, who also argues that the distributed ledger could be a boon for watchdogs by improving transparency.
"Automated trading has revolutionized markets, enhancing efficiency and contributing to liquidity," said Walt Lukken, president and CEO of FIA.
Cyber risks are the "number one threat to 21st century financial markets", far outstripping the disruptive potential of advances in automated trading and emerging technologies like the blockchain, a senior official at the Commodity Futurues Trading Commission has warned.
Interactive Data, a leading provider of low-latency technology and market data feed services and GlobalRisk, a developer of risk management software, have collaborated to deliver trading risk analysis and financial data to the U.S. Commodity Futures Trading Commission (CFTC).
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Australia and New Zealand Banking Group Ltd. (ANZ), an Australia-based financial services company, for failing to comply with its obligation to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7.
In its first action against an unregistered bitcoin options trading platform, the Commodity Futures Trading Commission (CFTC) in the US has ruled that virtual currencies are a commodity and as such should come under the purview of the Commodity Exchange Act (CEA).
The U.S. Commodity Futures Trading Commission (Commission) today voted to propose amendments to existing regulations in order to provide additional clarity to swap counterparties and registered entities regarding their reporting obligations for cleared swap transactions; and to improve the efficiency of data collection and maintenance associated with the reporting of the swaps involved in a cleared swap transaction.
A British futures trader has been arrested after US authorities accused him of contributing to the 2010 "flash crash," which saw the S&P 500 index plummet 600 points in minutes, sending shockwaves through the global financial system.
© Finextra Research 2016