GFMA, the International Banking Federation (IBFed), the International Swaps and Derivatives Association (ISDA), and The Financial Services Roundtable (FSR) provide comments to the U.S. Department of Treasury and the European Commission, in advance of the G-20 meeting, on the problems that extraterritorial legislation poses for markets, clients and regulators. While groups welcome the [...]
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Posted on April 3rd, 2012
The Global FX Division of the Global Financial Markets Association (GFMA) provides comments to the Monetary Authority of Singapore (MAS) on the MAS Consultation Paper on Proposed Regulations of over-the-counter (OTC) derivatives. GFMA believes that many of the current legislative and regulatory reforms will have a significant impact upon the operation of the [...]
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Posted on February 27th, 2012
This document outlines some of the GFMA’s concerns with the specific elements of this BCBS’ proposal and makes suggestions for moving forward. GFMA’s overall view is that the BCBS should focus on post-2018 capital disclosures, taking more time to agree on the specific modalities of that disclosure, and not implement the transitional template.
GFMA [...]
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5 pages