March 10, 2014 BY Andrew Saks-McLeod

US and Japan To Cooperate in Oversight Of Regulated Brokers

Commodity Futures Trading Commission and Japanese Financial Services Agency Sign Memorandum of Cooperation Today, leaders of the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Services Agency of Japan (JFSA) signed a Memorandum of Cooperation (MOC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on…

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March 10, 2014 BY Andrew Saks-McLeod

LCH.Clearnet Makes Further Expansion To SwapClear Service

Electronic trade clearing house LCH.Clearnet has today announced that it has expanded its compression offering to include multilateral compression via its interest-rate derivatives clearing service, SwapClear Multi compression is now congruent to SwapClear’s existing Solo and Duo compression capabilities and enables multiple members to simultaneously compress their trades with each other, representing the latest corporate…

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March 10, 2014 BY Andrew Saks-McLeod

Hacker Exposes Mt.Gox Bitcoin Balances Via Karpeles Blog

Bitcoin account data and balances have been displayed on Mt.Gox founder Mark Karpeles' blog following demise of Japanese virtual currency exchange As though events surrounding the $64 million demise of Bitcoin exchange Mt.Gox were not complex and costly enough, a further twist took place this weekend when an imposter gained access to Mt.Gox founder Mark…

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March 07, 2014 BY Andrew Saks-McLeod

CFTC Provides Time-Limited No-Action Relief to Certain Affiliated Counterparties

The US regulatory authorities' complex rulings with relation to the structure by which clearing of swaps can be carried out between counterparties continue to evolve. Following last year's implementation of full reporting requirements by CCPs, the CFTC has provided time-limited no-action relief from trade execution requirements to certain Affiliated Counterparties until December 2014. The Commodity…

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