Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.
April 6, 2023Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.
March 15, 2023The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.
March 13, 2023The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
March 9, 2023Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.
February 9, 2023The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.
February 3, 2023China's adoption of its new Futures and Derivatives Law in August 2022 made it possible for FIA to commission the opinions.
January 13, 2023FIA is supportive of using circuit breakers to manage disorderly markets but not as tools to control or cap prices.
November 10, 2022The cap on banks' exposures to cryptoassets should be raised from 1% to 5% of tier 1 capital, and based on net rather than gross exposures. The infrastructure risk add-on should be scrapped.
October 8, 2022The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.
August 24, 2022