Displaying results 11 - 20 of 1195
...Introduction
Good morning and welcome to the final meeting of the Market Risk Advisory Committee (MRAC) for 2024. I am delighted to have you all here, in person and virtually, to continue the thoughtful conversations and important developments of the Committee to advance a number of potential risks facing the futures and derivatives markets. Today, we continue the long tradition of this…
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...Introduction
Today, the Commodity Futures Trading Commission (CFTC or Commission) issued a Staff Advisory to CFTC-Registered Entities and Registrants on the Use of Artificial Intelligence in CFTC-Regulated Markets (Staff Advisory) which reminds CFTC-regulated entities that their obligations to comply with Commission regulations are technology neutral, meaning these obligations apply broadly…
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… “This was a year of large-scale, complex cases and settlements in both our traditional markets and in areas of …
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… of enforcement cases, which has resulted in routine civil settlements in which the defendant “neither admits nor … I recently voted to concur in (and not simply to support) settlements with undisputed facts of egregious fraud that … more defendants to admit wrongdoing in CFTC enforcement settlements. The HEAT Test is designed to identify those …
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...Journal of Futures Markets Volume 38, August 2018, pp. 841-864
https://doi.org/10.1002/fut.21915
We propose a theoretical model exploring the incentives to manipulate reference prices under two alternative closing price regimes.
We test the predictions of the model in the CBT corn futures market around the change in settlement price calculation methodology that took place in June of…
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… to Oversee Big Techs ” at the Bank for International Settlements Financial Stability Institute Conference on Big … … Commissioner Pham to Speak at the Bank for International Settlements Financial Stability Institute Conference on Big …
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Dissenting Statement of Commissioner Dawn D. Stump Regarding Settlement with Easterday Ranches, Inc.
...Overview
Easterday Ranches, Inc. (a cattle feedyard) made false statements to, and violated position limits established by, a futures exchange regulated by the Commission. Accordingly, the Commission appropriately brought (and today settles) charges against Easterday Ranches of violating provisions of the Commodity Exchange Act (“CEA”) that specifically address these types of…
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Statement of Commissioner Bart Chilton on RBS Settlement
February 6, 2013
This is a solid and significant settlement which sends a signal to those who would monkey around with benchmark rates. Like with Barclays and UBS, the settlement with RBS is much more than a slap on the wrist. This was…
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...Today, the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction to resolve pending litigation against Cody Easterday (Consent Order). Easterday had previously been charged by the Commission for engaging in fraud in connection with the sale of more than 200,000 head of “ghost” cattle—which did not, in fact, exist—to Tyson Fresh Meats,…
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Statement of Chairman Gary Gensler on RBS Settlement
February 6, 2013
Washington, DC – Today, Chairman Gary Gensler made the following statement:
“Today’s Order against RBS demonstrates yet another clear case of a bank falsely reporting and attempting to manipulate or successfully…
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