Search Results for keywords:"swap dealers"

The Commodity Futures Trading Commission (CFTC) is making changes to ensure swap dealers and major swap participants can continue to reconcile their swap portfolios without disruption. This comes after recent amendments to swap data regulations that would have otherwise impacted the reconciliation process. The CFTC has introduced an interim final rule that involves technical adjustments to maintain the current requirements for these reconciliations, ensuring that swap dealers can keep operating as they have been. The public is invited to comment on these changes until March 8, 2021.

The Commodity Futures Trading Commission (CFTC) is inviting public comments on the renewal of a collection of information under the Paperwork Reduction Act. This involves swap dealers (SDs) and major swap participants (MSPs) notifying counterparties of their rights regarding the segregation of initial margin and reporting quarterly on compliance with margin and collateral agreements. The notice explains the requirements under Regulations 23.701 and 23.704 for these notifications and reports, and mentions that the public can submit comments by April 4, 2025, on the necessity and burden of this information collection. The estimated total annual burden for respondents is 149,036 hours.

The Commodity Futures Trading Commission (CFTC) is inviting the public to comment on renewing its information collection related to regulations governing swap dealers and major swap participants. This collection ensures that these participants maintain effective risk management systems, monitor trading limits, and disclose necessary information to regulators. Comments can be submitted until April 7, 2025, and the process aims to enhance the quality of information collected and reduce the burden on respondents. The collected data is crucial for the proper execution of the CFTC's functions and oversight.

The Commodity Futures Trading Commission (CFTC) has amended the margin rules for uncleared swaps for swap dealers and major swap participants without a prudential regulator. The new rules allow for a minimum transfer amount (MTA) of up to $50,000 for each separately managed account (SMA) of a legal entity. They also permit separate MTAs for initial and variation margin, provided they don't exceed $500,000 combined. These changes aim to reduce operational burdens while ensuring the swaps market continues to function smoothly and safely.

The Commodity Futures Trading Commission (CFTC) has finalized amendments to its rules about margin requirements for certain swaps. These changes update how entities determine if they fall under the requirement to exchange initial margin for swaps that aren't centrally cleared. The amendments align the CFTC rules with international standards set by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions. In addition, it allows certain swap dealers to use a risk-based model from other registered swap dealers to calculate necessary initial margins, making compliance more practical and internationally consistent.

The Federal Reserve Board has finalized a rule that expands the definition of "financial institution" in Regulation EE, which is part of the Federal Deposit Insurance Corporation Improvement Act of 1991. This change is meant to enhance the netting protections under FDICIA, reduce systemic risk, and increase market efficiency. The new rule adds a variety of entities to the definition, including swap dealers, security-based swap dealers, and foreign central banks, among others. It also clarifies the activities-based test used to determine if an entity qualifies as a financial institution.