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Tag Archives: Katten Muchin Rosenman LLP

Impact: Navigating Regulation and What Comes Next, Part 2 Feature,Interview,Mwiki,Video,video

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 2 of our three-part series, Gary DeWaal, special counsel with Katten Muchin Rosenman LLP; Matthew Chamberlain, head of business development for LME; John Avery, director of client and industry engagement, Derivatives Utility at FIS; and Rob D’Arco, CEO of Rival Systems, share their take on topics like the challenges facing swaps dealers, the pace of regulation and the rising cost of compliance.

Gary DeWaal, Katten Muchin Rosenman – Regulation, Compliance and the Grandma Test Feature,MarketsWiki Education,MWEd,Mwiki,ReformWiki,Regulation

“Don’t let the perfect be the enemy of the good, and remember to apply ‘the grandma test.’” When you are faced with a difficult decision, picture this: you’re sitting at Thanksgiving dinner, the family is gathered around the table, and grandma comes in holding a newspaper with your picture on it. If she is happy to read about your decision, it was probably a good decision. If not, it was probably the wrong decision. Gary DeWaal knows regulation. He knows that good financial market regulation serves the public interest, and is neither overly prescriptive nor overly ambiguous. Good financial regulation…

John Lothian Newsletter: CME Upgrade Soothes Critics Who Viewed Prior System as Unfair; Katten names new chairman; FICC revenues almost halved since 2011 John Lothian Newsletter,Newsletter

First Read NFA: The Next GenerationJim Kharouf – JLNWith the announced retirement of National Futures Association President and CEO Dan Roth, the organization may face the biggest decision in its history. Roth led the organization since 2003, and succeeded Robert Wilmouth, the first NFA president, who led the organization starting in 1982. Roth, who will stay on until his successor is chosen, has overseen the organization through its greatest expansion in the wake of the Dodd-Frank Act and some of the industry’s greatest scandals such as MF Global and Peregrine Financial Group Today, the organization’s profile stands tall in the…

John Lothian Newsletter: Nasdaq NLX holds fees ahead of LCH Spider; Eurex to launch buy-side clearing access model; Fintech’ Start-Up Boom Said to Threaten Bank Jobs John Lothian Newsletter,Newsletter

First Read Squeezing Pennies: Clearing Houses Reach For Compression, Margin Relief and Netting By Sarah Rudolph and Jim Kharouf, JLN When it comes to clearing and settlement today, the name of the game is capital efficiency. With a host of regulations hitting the market, particularly with bank capital requirements under Basel III, exchanges and clearing houses are moving quickly to find ways for banks and clearing FCMs to lower the amount of cash they need to hold onto in the name of lower systemic risk. It is an interesting time to be in the clearing space, as clearing firms offer…

John Lothian Newsletter: China’s stock index futures unseat S&P to become world’s most traded; A Bitcoin Technology Gets Nasdaq Test; Big Sugar Order Gives Prices a Jolt John Lothian Newsletter,Newsletter

First Read Keeping Tabbs on the Options Industry Sarah Rudolph – John Lothian News The outlook for the options industry is a lot less sunny than the skies in Miami Beach, if you listen to the Tabb Group’s Andy Nybo. The industry faces major challenges right now, including a lessening of liquidity, widening bid-ask spreads, and market fragmentation, Nybo told the audience Thursday morning at the Options Industry Conference in Miami Beach. A recent Tabb study found that these are particular problems for institutional traders, he said. Overall spreads have widened, but the tiering of liquidity has created a bifurcated…

John Lothian Newsletter: Liquidnet aims to boost Europe trading; Eurex receives permission to offer direct market access in S. Korea; Dollar Sibor May Be Dropped Amid Global Rate-Rigging Probe John Lothian Newsletter,Newsletter

Liquidnet targets a threefold increase in European business, and plans to bring in the new business from fund managers there. Eurex gets the green light to offer its full range of services to companies and people in South Korea. Singapore’s central bank considers discontinuing the Sibor interbank lending rate, which has been tainted by rate-rigging allegations.