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Tag Archives: Dodd-Frank

Here’s What Analysts Are Saying About the First Round of French Elections; Charts Show Traders Writing Down Chances of a Le Pen Presidency; OCC seeks leverage ratio relief as liquidity shrinks John Lothian Newsletter,Newsletter

First Read The future of futures markets: Exchanges looking to fail fast By Jim Kharouf, JLN Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations…

The Tough Question: What Will European Markets Look Like In Two Years? Blog,Commentary,Feature,Regulation

Markets continue to struggle with the prospects of a new political future and structure. Steven Maijoor, chair of European Securities and Markets Authority (ESMA), told the audience at the IOMA, World Federation of Exchanges Clearing and Derivatives Conference in Frankfurt on Thursday that there are challenges for the EU’s long pursuit of a single rulebook. Brexit will have a “negative impact” on efforts for market harmonization, as well as the so-called capital market union in the EU. David Wright, chairman of Eurofi Paris and partner at Flint Global, said the United Kingdom will have to be a “rule taker and…

Empty Seats at Regulators Hold Back Trump Bid to Undo Dodd-Frank; Clearing houses see record volume as new rules boost activity; ETFs Are the New Bond Kings John Lothian Newsletter,Newsletter

First Read End of a Series Today concludes our annual Exchange Leaders Series from FIA Boca, with an interview with Matt Chamberlain, interim CEO at the LME. In all, the series included eight different exchange executives who sat down to speak with us at the conference last month. If you haven’t seen them, they are all included below. Each has their own way of summing up 2016 and what is happening at their respective markets in 2017. The FinTech Exchange conference tickets went fast yesterday. Thanks to all who played. The conference is in Chicago on April 27. Tickets, just…

Trump Nominates J. Christopher Giancarlo as CFTC Chairman; Trump Picks a Regulator Who Could Help Reshape Dodd-Frank Act; Untested Robo-Advisers Are Becoming a Big Market Risk John Lothian Newsletter,Newsletter

First Read Don Wilson Gobsmacks Regulators in First FIA Boca Panel By John J. Lothian In a power-packed first panel at the FIA International Conference in Boca Raton, Florida, DRW founder Don Wilson gobsmacked the regulators with a directly-to-the-point opening statement. Here it is: “When it comes to regulatory costs, I describe what we’re in now as an era of “gotcha” regulation. Enforcement arms of regulatory agencies are more interested in collecting fines and generating headlines than in making markets better. I am hopeful that, under the new administration, regulatory agencies will work with market participants to make the markets…

New Force on Wall Street – The ‘Family Office’; The Past and the Future; Corporate Insiders Haven’t Been This Uninterested in Buying Stocks Since Reagan John Lothian Newsletter,Newsletter

First Read CME Group CEO Terry Duffy on Business and Interest Rates Under the Trump Administration JohnLothianNews.com With a new administration in place and a more optimistic outlook from the market community, CME Group is well positioned to succeed, according to CEO Terry Duffy. Whereas global regulatory efforts have served as a headwind for the industry since the financial crisis, now the United States is benefiting from the perception that the new administration’s stance on regulation will serve as an tailwind. There is much left to be determined, certainly, but even the shift to no new regulation as opposed to…

CME Group CEO Terry Duffy on Business and Interest Rates Under the Trump Administration Feature,Video,video

With a new administration in place and a more optimistic outlook from the market community, CME Group is well positioned to succeed, according to CEO Terry Duffy. Whereas global regulatory efforts have served as a headwind for the industry since the financial crisis, now the United States is benefiting from the perception that the new administration’s stance on regulation will serve as an tailwind. There is much left to be determined, certainly, but even the shift to no new regulation as opposed to deregulation is sufficiently pro-business to elicit optimism, said Duffy.  Adding to that is the Federal Reserve as…

Dismantling Dodd-Frank May Have to Wait; How the Euro Could Break Up—or Be Saved; UK’s May defeated as lawmakers demand power to reject final Brexit terms John Lothian Newsletter,Newsletter

First Read More power to ’em: Nodal acquired by EEX Spencer Doar – JLN The UK doesn’t want ICE to have Trayport. The LSE/Deutsche Boerse deal looks dead in the water. But in one neck of the exchange woods ó power ó all parties appear happy. Last Friday, the energy exchange EEX (part of the Deutsche Boerse empire) agreed to buy the U.S. based Nodal Exchange in an all-share deal, instantly turning the franchise global. /goo.gl/CxWwSC **JK: Our interview with Paul Cusenza about Nodal and EEX. ++++ Playing With No Reserves Sean Brown – YCharts Working at a startup or…

Time To Revive Financial Innovation Feature

So the pendulum swings. In recent days and weeks, financial industry participants have welcomed a softer tone on regulation from the Trump Administration. For some in the industry, the heavy lead regulatory blanket that has weighed down the industry appears to be lifting. Could we be opening the doors to a new era of financial innovation? In the midst of the Dodd-Frank Act rules rollout, mandated by Congress and ushered in by the CFTC and SEC among others, we’ve seen little progress in terms of innovation within the financial services sector with the exception of reporting, compliance and audit solutions….

Walt Lukken: Three Ideas for Trump and a New Optimism for FIA Boca Feature,Regulation,Regulation & Enforcement,Video,video

After almost seven years of Dodd-Frank reforms, the industry has adjusted, reacted and adapted to the new regulatory structure. Now with the new Trump administration in Washington, the FIA sees an opportunity to take stock of what’s been done and what might be the best plan going forward. There’s no doubt the industry has struggled to comply with the spate of new rules from the CFTC, not to mention from other federal agencies. Walt Lukken, president and CEO of the FIA, has advocated for looking at three main areas of regulation that maintain regulatory reforms but allow for more sensible…