Displaying results 661 - 670 of 1186
Statement of Commissioner Kristin N. Johnson Regarding the Final Rule to Modify Interest Rate Swap Clearing Requirements for the Transition from LIBOR and Other IBORs to Alternative Reference Rates
...In the fall of 2008, global financial markets reeled as evidence emerged indicating that market participants failed to effectively manage risks in the then-unregulated $400 trillion (notional) swaps market.  The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) directed the Commodity Futures Trading Commission (Commission) to develop and implement formal rules,…
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Remarks, American Bar Association, Committee on Derivatives and Futures Law
... Remarks, American Bar Association, Committee on Derivatives and Futures Law Chairman Gary Gensler February 4, 2011 Good afternoon. I thank the American Bar Association’s Committee on Derivatives and Futures Law for inviting me to speak today. Unfortunately I am not able to join…
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Statement, “Cotton: A Collection of Culprits”
... “Cotton: A Collection of Culprits” Statement of Commissioner Bart Chilton Regarding the Staff Report on Cotton Futures and Option Market Activity During the Week of March 3, 2008 January 5, 2010 In television, movies and in news stories for that matter, we like to discover the…
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2019-26427
… Exemption for Inter-Affiliate Swaps; Proposed Rule: Settlements in Administrative and Civil Proceedings; and …
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Looking Out for American Families and Little League Sponsors
...I am grateful to the ABA Derivatives and Futures Law Committee and its members for giving me such a warm welcome over the last six months.  The last time I spoke to a room full of derivatives lawyers in April, some said that it was interesting to talk a bit about crypto, but they were most interested in my views about Commodity Futures Trading Commission’s (“CFTC”) regulation of…
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Federal Court Sanctions Former New Jersey Energy Broker for Role in Disclosures of Material Nonpublic Information
...Washington, D.C. — The Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of New York entered a consent order on February 19, 2021, resolving CFTC charges that Ron Eibschutz, a former energy broker and New Jersey resident, sought and obtained disclosures of material nonpublic information from two former employees of the New York…
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CFTC Sanctions Two Firms Offering Digital Asset-Based Swaps for Illegal Off-Exchange Trading and Registration Violations
...Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against respondents Plutus Financial, Inc. d/b/a Abra of California, and Plutus Technologies Philippines Corp. d/b/a Abra International of the Philippines for entering into illegal off-exchange swaps in digital assets and foreign currency with U.S. and overseas customers and…
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Testimony of Chairman Timothy Massad before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
... Testimony of Chairman Timothy Massad before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Washington, DC September 9, 2014 Thank you Chairman Johnson, Ranking Member Crapo and members of the Committee. I am pleased to testify before you today on behalf of the Commission…
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"Rolling Meadows"
… fees for their own customers.  Many hundreds of millions in settlements with the government were paid by the banks for … sent back.  These are funds we had collected as a result of settlements from cases (like the large Libor settlements) during the last year.  We returned a billion …
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Statement of Chairman Heath P. Tarbert Before the December 10, 2019 Open Meeting
… transparency into practice. 3. Transparency in Enforcement Settlements Finally, we must be transparent in how we … freely, but will be unable to hide behind the language of settlements to avoid answering tough questions about their …
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