The U.S. Commodity Futures Trading Commission on Wednesday said it would give a pass to firms that cannot meet certain swap reporting requirements following the recent failures of Silicon Valley Bank and Signature Bank .
The agency has been in contact with banking regulators about the Federal Deposit Insurance Corporation's transfer of qualified financial contracts from the failed banks to newly established bridge banks, it said in a notice published on its website.
The Commission will not launch enforcement actions against any counterparties that cannot meet agency reporting requirements for swaps contracts solely from the FDIC transfers, it said. Those may include business conduct, margin, clearing and trade execution requirements. Firms should "should use best efforts to fulfill their reporting obligations with respect to such swaps," the CFTC said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Collapse of SVB, Signature Bank explained: What to knowTwo banks have collapsed since Friday, the federal government swooped in to save the day and there’s still a lot of uncertainty about what comes next. Silicon Valley Bank failed Friday after …
Weiterlesen »
Fiserv, FIS stocks claw back as SVB, Signature Bank exposure dubbed 'minimal'Shares of Fiserv Inc. and Fidelity National Information Services Inc. rebounded Tuesday as concerns about their regional-bank exposure appeared to relax.
Weiterlesen »
Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapsesThe bill would lower the asset threshold for banks to qualify for added oversight, which was raised to $250 billion in a 2018 Republican deregulation bill.
Weiterlesen »
SVB, Signature Bank failure explained - USA TODAYHow worried should Americans be about recent bank collapses? usatodaymoney reporter Medora Lee puts things in perspective with 5 Things podcast host atltwil:
Weiterlesen »
Experts call cryptocurrency a 'bystander' in SVB, Signature Bank collapsesUnlike last year's collapse of FTX, cryptocurrency did not play a leading role in the collapse of Silicon Valley Bank and Signature Bank, experts tell ABC News.
Weiterlesen »