A new requirement from the Commodity Futures Trading Commission (CFTC) that all oral communications on some over-the-counter transactions be recorded, could end up being technologically and economically unfeasible. In its role as overseer of the burgeoning US$650 billion swaps market — a designation assigned by the US Dodd-Frank Wall Street Reform Act — the CFTC […]
Global LEIs: A ‘Virtual’ Turn of Events?
With little information emerging from the Regulatory Oversight Committee (ROC) on how a central operating unit (COU) would work as part of a global initiative for new identification codes for business entities, market consensus appears to have emerged suggesting a virtual model for data distribution is the best way to move forward. Under such a […]