Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Industry, regulators spar over swaps

Monday, May 05, 2014

Bailey McCann, Opalesque New York:

The Commodities Futures Trading Commission (CFTC) released new rules on Thursday aimed at regulating more of the swaps business. The rule is the latest in a complex and often confusing wave of regulation focused on swaps trades, separately both the industry and the regulators have pushed legal probes into how each side is handling the regulation.

In April, the SEC voted on a proposed rule that would impact record keeping for security-based swap dealers and major security-based swap market participants. The proposed rule would also establish additional recordkeeping requirements for broker-dealers to account for their security-based swap activities. That move highlights one of the problems with swaps rules, both the CFTC and the SEC are regulating these issues making things more complex and in some cases conflicting.

"The SEC’s proposed rules will require security-based swaps dealers to record and archive all communications related to swaps transactions including emails, instant messages and recordings of phone calls. Further, the SEC is proposing a requirement that all recorded and archived phone calls be preserved and accessible for three years. Compliance with these regulations will require swaps dealers to institute data and voice capture procedures across their trading desks that can record and analyze all of the communications related to swaps transactions in real-time. Swaps dealers should take advantage of the time betwee......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t