Latest articles from Charles Piggott

Fed and OCC formally recognise ISDA swaps stay provision

The US Federal Reserve and Office of the Comptroller of the Currency have formally recognised the International Swaps and Derivatives Association's (ISDA) protocols that would allow a stay of early termination rights in the event of a bank resolution.

Fed extends Volcker deadline for legacy funds

The US Federal Reserve has extended the Volcker deadline for federally insured banks to cease involvement or investment in legacy funds, giving banks an extra year until mid-2016 to act.

Fed adds short-term funding twist to G-SIB capital surcharge

US Federal Reserve

The US Federal Reserve has proposed that US global systemically important banks hold nearly double the additional common equity Tier 1 capital agreed by the Basel Committee on Banking Supervision.

HFT clean-up raises questions over US market structure

Mary Jo White

The recent spate of regulatory initiatives and lawsuits aimed at high-frequency trading could light the touch paper for more fundamental US market structure reform.

Canadian exchanges to offer non-HFT alternatives

Plans for a new stock exchange designed to limit predatory high-frequency trading were approved by Ontario Securities Commission on November 17.

CFTC commissioner will publish alternative swap framework

Commissioner Christopher Giancarlo, the only Republican on the Commodity Futures Trading Commission, has given a strong personal critique of regulatory failings in remarks published on the CFTC's website.

CFTC settles for $1.4bn in FX fines

The Commodity Futures Trading Commission has ordered five banks to pay more than $1.4bn in fines for attempting to manipulate foreign exchange benchmark rates. 

US shadow banks now pose a bigger risk than banks

Risk posed by US shadow banks increases according to FSB data.

DTCC proposes repo clearing

Market participants hope that shifting repo clearing to a central clearing utility will help allay regulatory concern.

FSOC may rethink designation process, grants MetLife hearing

US Treasury secretary Jack Lew said federal regulators might reconsider the process by which non-bank companies are designated as systemically important.