CFTC-PR-8951-24 (Aug. 26, 2024) CFTC Orders The Bank of New York Mellon to Pay $5 Million for Swap Reporting and Supervision Failures and Violation of a Prior CFTC Order Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges with The Bank of New York Mellon (BNYM) for repeatedly failing to […]
Category: Swap Dealers
A Swap Dealer, as defined by the Commodity Futures Trading Commission (CFTC), refers to an entity that primarily engages in the business of buying and selling swaps, or is otherwise designated by the CFTC as a Swap Dealer based on its activities. Swap Dealers play a crucial role in the derivatives market by facilitating the trading of swaps, which are financial contracts that allow parties to exchange cash flows based on the performance of underlying assets, indices, or reference rates. The CFTC regulates Swap Dealers to promote market transparency, reduce systemic risk, and protect market participants. Swap Dealers are subject to specific regulatory requirements, including registration, reporting, recordkeeping, and business conduct standards, aimed at ensuring the integrity and stability of the derivatives markets they operate within.
CFTC-PR-8945-24 (Aug. 14, 2024) CFTC Orders Truist Bank to Pay $3 Million Penalty and Remediate Recordkeeping and Supervision Failures Relating to Widespread Use of Unapproved Communications Methods. Truist Receives Substantially Reduced Penalty for Self-Reporting to the Division of Enforcement Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against […]
CFTC-PR-8944-24 (Aug. 14, 2024) CFTC Orders TD Bank to Pay $4 Million for Supervision Failures Impacting its Electronic Communications Surveillance System Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a registered swap dealer, for failing to diligently supervise activities related to its […]
File ID: CFTC-PR-8925-24 Date: June 25, 2024 Accessed: June 25, 2024 Headline: Commodity Futures Trading Commission Approves Final Capital Comparability Determinations for Certain Non-U.S. Nonbank Swap Dealers. Source: https://www.cftc.gov/PressRoom/PressReleases/8925-24 Categories: AGENCY RULES-CHANGES CFTC RULES-CHANGES SWAP DEALERS CFTC-PR-8925-24 – Viewer: ▼▼▼ (Download PDF File ⊗)
File ID: CFTC-PR-8914-24 Date: May 23, 2024 Accessed: June 21, 2024 Headline: CFTC Orders J.P. Morgan to Pay $200 Million for Supervision Failures. CFTC Finds J.P. Morgan Failed to Surveil Billions of Client Orders on a U.S. Designated Contract Market. Source: https://www.cftc.gov/PressRoom/PressReleases/8914-24 Categories: FUTURE COMMISSION MERCHANT (FCM) SWAP DEALER SUPERVISION FAILURES CFTC-PR-8914-24 – Viewer: ▼▼▼ (Download PDF […]
CFTC-PR-8901-24 (APR. 30, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8901-24 Download: CFTC-PR-8901-24 ⊗ (PDF) PRESS RELEASE | CFTC-PR-8901-24 CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants Washington, D.C. — The Commodity Futures Trading Commission today announced it has approved a final rule that amends the capital and financial reporting requirements […]
CFTC-PR-8886-24 Commodity Futures Trading Commission Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures Date: Apr. 2, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8886-24 Categories: CFTC-2404 SUPERVISION FAILURES SWAP DEALERS AUSTRALIA & NEW ZEALAND BANKING GROUP LTD PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file may […]
CFTC-PR-8880-24 CFTC Orders U.S. Bank to Pay $6 Million and Oppenheimer to Pay $1 Million for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Date: Mar. 19, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8880-24 Categories: CFTC-2403 Introducing Brokers Recordkeeping Failures Supervision Failures Swap Dealers Unapproved Communications OPPENHEIMER & CO. INC. […]
CFTC-PR-8869-24 (Feb. 22, 2024) CFTC Staff Issues No-Action Letter Regarding Pre-Trade Mid-Market Mark for Certain Interest Rate Swaps Referencing SOFR Washington, D.C. — The Commodity Futures Trading Commission’s Market Participants Division (MPD) today issued a no-action letter in relation to the requirement in Regulation 23.431 that swap dealers and major swap participants (swap entities) disclose to […]
CFTC-PR-8867-24 (Feb. 20, 2024) CFTC Extends Comment Period for Proposed Rule on Operational Resilience Framework Washington, D.C. — The Commodity Futures Trading Commission today announced it is extending the public comment period for a proposed rule requiring an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants. The deadline is extended to […]