Cross-border supervision
Cross-border vortex: Dealers freeze plans to move staff
Bordering on chaos
OTC break-up may reverse - but only if rules mesh too
Nailing down mercury
Law firm of the year: Davis Polk and Wardwell
Australian trading platform Yieldbroker was snared by the notorious footnote 88 last year. Its lawyers, Davis Polk, found the way out
CFTC cross-border guidance 'has the feel of a rule', lawyers agree
A rule by any other name
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
CFTC cross-border guidance was not a dodge, says ex-staffer
With CFTC facing new Dodd-Frank lawsuit, former staffer defends agency's guidance – but pans staff letter that expanded its scope
Risk USA: Foreign banks cannot escape swap dealer status, warns CFTC's Barnett
The "day will come" when CFTC tries to ensure compliance by foreign banks that have not registered as swap dealers
Dispute resolution mechanism needed to resolve regulatory spats – EC’s Pearson
Differences in national regulations need to be ironed out, says Patrick Pearson
CFTC-SEC cross-border split could 'tarnish' US swap markets
Regulators "going in two different directions" says Republican senator – and may face fresh calls to be merged
Esma takes ‘pragmatic’ stance on Emir evasion
Esma seeks to apply Emir overseas only where EU-guaranteed financial entities trade under non-equivalent regimes – while corporates are given free rein
CFTC cross-border rules slammed as ‘rushed’
The CFTC appears to make some concessions in its cross-border rules, but critics question how substituted compliance will work, and claim the overall framework has been rushed
Substituted compliance requires global oversight, warns Iosco’s Wright
Substituted compliance unlikely to work without a global body to settle disputes, says Iosco secretary-general
Cross-border resolution hinges on trust
Hinging on trust
SEC cross-border rules an improvement on CFTC proposals, say lawyers
Narrower US person definition and substituted compliance proposal win praise from market participants
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Risk & Return Cape Town: Treasury official calls for clarity on CCP equivalence
Lack of clarity on CCP equivalency leaves South African rules in limbo, says National Treasury's Natalie Labuschagne
Risk USA: CFTC should allow voice trading for Sefs, says Chilton
CFTC commissioner also hints that 15-second rule will be amended - and says final cross-border rules will include a new definition of ‘US person’
Section 716: The do-nothing approach
The do-nothing approach
Fingerprint, aggregation fears hit swap dealer countdown
Prints and be damned
Risk 25 firms of the future: CFTC
The costs and benefits of reform
CFTC relaxes cross-border rules after commissioner backlash
Chairman Gensler is understood to have relented on ‘substituted compliance’ in order to pass the proposed guidance