According to the springtime saying, April showers bring May flowers. However, in the United States District Court for the District of Columbia, an April lawsuit by Bloomberg LP against the Commodity Futures Trading Commission, has been followed by another lawsuit against the CFTC this first week of May by DTCC Data Repository and DTCC. Each […]
Uncategorized Articles
Bridging the Week: 29 April - 3 May 2013
Bridging the Week is a new feature on this website — a 90 second video overview of the top events in the exchange-traded derivatives industry for the prior week. Check out this inaugural video:
SEC Proposes Rules for Cross-Border Security-Based Swap Activities
On 1 May 2013, the SEC proposed rules and interpretive guidance to facilitate cross-border security-based swap activities. This comes almost six months after the CFTC issued its final exemptive order on the cross-border application of certain of its swap regulations on 21 December 2012 (effective through 12 July 2013). According to a Fact Sheet provided […]
Helpful to Getting the Business Done: CFTC Grants Limited Relief to Prime Broker Swap Dealers from Certain External Business Conduct Standards
Near the stroke of midnight on 30 April 2013, the CFTC’s Division of Swap Dealer and Intermediary Oversight granted no action relief to swap dealers related to certain of their obligations under the Commission’s external business conduct standards in connection with prime brokerage arrangements involving swaps (other than cleared swaps) where a swap dealer has allocated […]
Valuable Lessons Learned (New Business Development Best Practices): MF Global Trustee Sues former CEO and other Senior Executives
On 23 April 2013, Louis J. Freeh, the Trustee of MF Global Holdings Ltd. filed a lawsuit against John Corinne, former CEO of MFG and two other former senior executives, Chief Operating Officer Bradley L. Abelow and Chief Financial Officer Henri J Steenkamp, related to the collapse of MFG in October 2011. Among other things, […]
News Development: USA CFTC Files Charges against NYMEX
On 21 February 2013, the USA CFTC filed charges in the US District Court in Manhattan against NYMEX (a subsidiary of CME) and two former employees, related to the employees’ unauthorized provision of material non-public information to a third party commodities broker who was not entitled to receive such information. The information related to trades […]