Futures prospects. The Financial Times discussed the prospects for the “futurization” of swaps. (3/16/2015) Future prospects.
Market Risk Advisory Committee. On April 2, 2015, the CFTC’s Market Risk Advisory Committee will meet to discuss derivatives clearing organization risk management and how the derivatives markets are changing. Comments should be submitted by April 9, 2015. (3/13/2015) 80 FR 13352.
Comment period regarding remanded swaps-related rules. The CFTC requested public comment in accordance with the US District Court for the District of Columbia’s remand order in Securities Industry and Financial Markets Association v. Commodity Futures Trading Commission. The request for comment clarifies the CFTC’s consideration of costs and benefits of swaps-related rulemakings subject to the Court’s order. The CFTC explains that its consideration of costs and benefits in the rulemaking proceedings reflected all evidence of costs and benefits in the administrative record, whether relevant to domestic activity, overseas activity, or both. The CFTC is soliciting public comment on which of the costs and benefits identified similarly apply to the rules’ extraterritorial applications, and what differences, if any, exist. Comments should be submitted by May 11, 2015. (3/10/2015) CFTC press release.