CFTC Law

Recent Posts from CFTC Law

• CFTC and SEC issue two joint orders related to security-based futures contracts, which clarify jurisdiction

  The CFTC and SEC issued two joint orders related to security-based futures contracts that clarify each Commission’s respective jurisdiction and allow additional products to underlie security futures. The first joint order, which became effective on…

• Keynote Address at the 2009 Asian Investors’ Corporate Governance Conference

  Keynote Address by Mr. Heng Swee Keat, Managing Director, Monetary Authority of Singapore at the 2009 Asian Investors’ Corporate Governance Conference Introduction 1. Good morning.  I am very happy to join you today at this…

• Congress to remove exemption for foreign exchange swaps and forwards from new central clearing requirements

  The US Congress will remove the exemption for foreign exchange swaps and forwards from new central clearing requirements when two over-the-counter derivatives reform bills moving through the House of Representatives are reconciled on the House…

• DIFC Centre of Excellence unveiled

  Dubai International Financial Center’s Centre of Excellence unveiled a Resource Centre to encourage economic research in the region. “The Resource Centre has a comprehensive collection of the most relevant books and reading material, databases and original research…

• Federal Regulators Issue Final Model Privacy Notice Form

  Under the Gramm-Leach-Bliley Act (GLB Act), institutions must notify consumers of their information-sharing practices and inform consumers of their right to opt out of certain sharing practices. The model form can be used by financial…

• Gensler testifies before the House Committee on Agriculture

  Excerpt: Under the Bank Holding Company Act, passed in the 1950s, the Federal Reserve has supervisory authority over a bank holding company, but no effective federal regulation exists for complex financial institutions that do not…

• NBR Governor takes on many responsibilities

  National Bank of Romania Governor Mugur Isarescu chose to personally take over supervision of forex and monetary market operations. From this position, Isarescu will directly supervise exchange rate interventions, cash injections on the money market,…

• Risk-Reduction Proposal

  The proposal sets up a new regulatory structure to help the U.S. government mitigate potential marketwide risks and prevent another crisis. It would create a system to wind down troubled firms and establish a council…

• Obama establishes an interagency Financial Fraud Enforcement Task Force

  President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime.  The Department of Justice will lead the task force and the Department of…

• CFTC seeks public comment on request involving OTC calendar swaps for wheat

  The CFTC is requesting public comment on a petition submitted jointly by the Kansas City Board of Trade and the Kansas City Board of Trade Clearing Corporation in connection with certain OTC contracts to be…