CFTC Commissioner J. Christopher Giancarlo is calling on U.S. and European regulators and policymakers to take a “do no harm approach” toward the oversight of emerging distributed ledger technology (DLT), popularized by the blockchain underpinnings for cryptocurrency Bitcoin. Otherwise, DLT’s growth is at “risk of being stymied by disparate and uncertain regulation,” says Giancarlo, who… Read More >>
Commerzbank Signs On for Hosted Margining
A German firm, Commerzbank, is the first sell-side institution to use OpenGamma’s new, hosted margining service as the bank grapples with the rise in demand for pre-trade margin comparison requests, bank officials say. The hosted OpenGamma for Margining “comes at a time when Category 2 market participants are just two months away from joining Category… Read More >>
Massad Makes Pitch for New Swaps Data Gathering System
The CFTC is forging ahead with a second major attempt to make swap data reporting “accurate, consistent and timely” as CFTC Chairman Timothy Massad recently stressed in a speech before the 2016 Office of Financial Research (OFR) and Financial Stability Oversight Council (FSOC) annual conference presented by the U.S. Treasury Department. “We have come a… Read More >>
