Featured Product

    CFTC Consultation on Review of Swap Data Reporting Regulations

    July 10, 2017

    CFTC announced the launch of a comprehensive review of the swap data reporting regulations found in Parts 43, 45, and 49 of its regulations. The review is aimed to identify the regulatory changes that will simplify reporting and/or improve data accuracy and completeness. CFTC is soliciting input from all entities involved in swaps reporting and the comment period will end on August 21, 2017. The CFTC's Division of Market Oversight expects that the adoption of final rules and their industry implementation would occur by the end of 2019.

    “The CFTC's Division of Market Oversight has taken stock of our progress implementing the standards agreed to at the Pittsburgh G-20 summit and codified in Dodd-Frank, and has produced a roadmap laying out future steps we could take to ensure we have complete, accurate, and high-quality data to fulfill our statutory responsibilities, ” said the Acting Chairman J. Christopher Giancarlo of CFTC. The roadmap to achieve high quality swaps data for the review process lays out two tranches of rule changes. The first tranche will address swap data repository operations and the confirmation of data accuracy by swap counterparties. The second tranche will address reporting workflows, including standardization of data fields and potential delayed reporting deadlines. The focus will be on ensuring that the CFTC receives accurate, complete, and high-quality data on swaps transactions for its regulatory oversight role and on streamlining reporting. The aim is to right-size the number of data elements that are reported to meet the agency’s priority use-cases for swaps data.

    Comment Due Date: August 21, 2017

    Keywords: Americas, Banking, SDR, Roadmap, Dodd Frank Act, CFTC

    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958