LONDON is poised to thrive and enjoy a boom post-Brexit as no one in their right mind would allow their financial regulations to be dictated by Brussels, a commentator claimed.
JOE BIDEN is taking trillions of dollars from the City of London, as while the EU and Britain squabble over a post-Brexit deal for financial services, Wall Street is gaining more control over European markets, it has been claimed.
Friday, January 22, 2021
On January 19, the Commodity Futures Trading Commission’s Market Participants Division (MPD) and Division of Market Oversight (DMO) issued CFTC Staff Letter No. 21-04 and Letter No. 21-05 (the Staff Letters) to extend, for a limited time, parts of the temporary no-action relief granted in response to the COVID-19 pandemic, which expired on January 15.
CFTC Staff Letter No. 21-04 extends until March 31 the following relief initially granted on March 17, 2020:
Oral Communications Recordkeeping Relief. MPD is extending relief from CFTC regulations requiring recording of oral communications related to voice trading and other telephonic communications for introducing brokers (IBs) and floor brokers (FBs). In conjunction with MPD’s relief, DMO is providing designated contract markets (DCMs) relief from certain CFTC regulations related to audit trails and related requirements where non-compliance arises from the inability of IBs and FBs to record v
Hold about 9 #0% of all derivatives contracts. this will be watered down and it will be two contracts initially. the deals have to solicit followed up by three and down the track. but the idea is to try to bring prices down but also open up this club to more competitors. but it seems the major banks have pushed back on this particular principle. there is also going to be a conversation about the minimum size of transaction that s can be playeded because regulators want to know what s going on in terms of the trades. also, there s one other rule that will be et voed on, how trades can occur on the derivatives marketplaces known as swap execution facilities. so the reality is that regulators want eyesight on the trades after the implications from the financial crisis. all right. karen, thank you very much on this thursday. if you didn t hit the powerball jackpot last night, you re not alone. nobody did. the $360 million jackpot rolls over to saturday and will be