Featured Product

    CFTC Extends Comment Periods for Swap Rules Amid COVID-19 Outbreak

    April 10, 2020

    CFTC announced that it is extending comment periods for certain ongoing consultations to ease the challenges being faced due to the COVID-19 pandemic. The extensions encompass certain proposed rules for which the comment periods started in January and February of 2020. After consultation with market participants, the CFTC Division of Market Oversight primarily sought to extend the comment periods for proposed rules on position limits and swap-execution facility requirements and real-time reporting requirements. Additionally, extensions were approved to allow the comment periods for all of the proposed rules involving swap reporting requirements to culminate on the same day.

    CFTC is extending comment periods for the proposed rules, as listed in the table below:

    Title of Proposed Rule

    Date of Proposal

    Original Comment Due Date

    Extended Comment Due Date

    Position Limits for Derivatives

    January 30, 2020

    April 29, 2020

    May 15, 2020

    Swap Execution Facility Requirements and Real-Time Reporting Requirements

    January 30, 2020

    April 20, 2020

    May 22, 2020

    Certain Swap Data Repository and Data Reporting Requirements

    February 20, 2020 (reopened comments on prior proposal)

    May 20, 2020

    May 22, 2020

    Amendments to the Real-Time Public Reporting Requirements

    February 20, 2020

    May 20, 2020

    May 22, 2020

    Amendments to the Swap Data Recordkeeping and Reporting Requirements

    February 20, 2020

    May 20, 2020

    May 22, 2020

     

     

    Keywords: Americas, US, Banking, Securities, COVID-19, Deadline Extension, Position Limits, Swaps, Swap Execution Facility, Reporting, Swap Data, CFTC

    Featured Experts
    Related Articles
    News

    HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

    The Hong Kong Monetary Authority (HKMA) published the Hong Kong Taxonomy for Sustainable Finance.

    May 21, 2024 WebPage Regulatory News
    News

    EU Taking Steps to Set Out and Enforce AI Regulations

    Many believe that the transformative power of generative artificial intelligence (GenAI) has potential to reshape the financial sector in the time to come.

    May 21, 2024 WebPage Regulatory News
    News

    ISSB Releases Digital Sustainability Disclosures Taxonomy

    The themes of the harmonization and interoperability of sustainability disclosure standards among various jurisdictions remain at the top-of-mind for international standard-setting bodies.

    May 21, 2024 WebPage Regulatory News
    News

    BCBS Report Studies Implications of Digitalization of Finance

    The Basel Committee on Banking Supervision (BCBS) published a report that examines the implications of the digitalization of finance for banks and supervisors.

    May 21, 2024 WebPage Regulatory News
    News

    BCBS Consults on Guidelines for Counterparty Credit Risk Management

    The Basel Committee on Banking Supervision (BCBS) is seeking comments, until August 28, 2024, on guidelines for counterparty credit risk management of banks.

    May 21, 2024 WebPage Regulatory News
    News

    BIS Paper Outlines Vision for Future Financial System

    In a recent paper, the General Manager of Bank for International Settlements (BIS) and the Indian entrepreneur (Infosys co-founder) Nandan Nilekani have laid out a vision for the Finternet, which is proposed to be a network of multiple financial ecosystems, much like the internet.

    April 29, 2024 WebPage Regulatory News
    News

    NGFS Outlines Options for Supervisory Review of Transition Plans

    The Network for Greening the Financial System (NGFS) recently published three reports on the use of transition plans to boost sustainable finance and manage climate-related financial risks.

    April 29, 2024 WebPage Regulatory News
    News

    BCBS Issues Discussion Paper on Climate Scenario Analysis

    The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on the use of climate scenario analysis to strengthen the management and supervision of climate-related financial risks.

    April 29, 2024 WebPage Regulatory News
    News

    OSFI Issues Phase2 Consultation on Climate Scenario Exercise for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) recently announced a consultation on the second phase of the Standardized Climate Scenario Exercise (SCSE) for banks and other financial institutions it regulates in Canada.

    April 25, 2024 WebPage Regulatory News
    News

    CFIT to Chair Open Finance Taskforce Announced by UK Government

    The UK government announced the formation of an industry-led Open Finance Taskforce, chaired by the Center for Finance, Innovation, and Technology (CFIT).

    April 25, 2024 WebPage Regulatory News
    RESULTS 1 - 10 OF 8967