Staff Advisory on Customer Privacy.
On February 26th, the CFTC's Division of Swap Dealer and Intermediary Oversight issued a Staff Advisory that outlines recommended best practices for covered financial institutions to comply with CFTC regulations concerning security safeguards for customers. CFTC Press Release.
ISO-RTO Staff Advisory.
On February 25th, the CFTC's Division of Market Oversight and the Division of Clearing and Risk issued an Advisory, which helps provide clarity to certain market participants regarding certain statements made in the Final Order in Response to a Petition from Certain Independent system Operators and Regional Transmission Organizations to Exempt Specified Transactions Authorized by a Tariff or Protocol Approved by the Federal Energy Regulatory Commission or the Public Utility Commission of Texas from Certain Provisions of the Commodity Exchange Act Pursuant to the Authority Provided in the Act.
Nominee Profile.
On February 25th, Risk.net profiled Timothy Massad, President Obama’s nominee to lead the CFTC. Profile.
