- 1 Who regulates the CFTC?
- 2 Is CFTC part of SEC?
- 3 What federal entity regulates the derivatives market in the United States?
- 4 What is CFTC compliance?
- 5 Is CFTC enforcement action a criminal?
- 6 What does CFTC stand for?
- 7 How does the CFTC regulate banks and stocks?
- 8 Does the CFTC regulate banks?
- 9 What is the difference between CFTC and SEC?
- 10 What is SEC in banking?
- 11 Who regulates mixed swaps?
- 12 What are swap dealers?
- 13 How are derivatives regulated?
Who regulates the CFTC?
The Commodity Futures Trading Commission ( CFTC ) is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Act (CEA), 7 U.S.C. Commodity Futures Trading Commission.
Is CFTC part of SEC?
In addition, the SEC and CFTC have joint responsibility for regulating SFPs. The SEC and CFTC further recognize that through increased coordination and cooperation, the agencies can facilitate the introduction of novel derivative products to market users and investors.
What federal entity regulates the derivatives market in the United States?
The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps.
What is CFTC compliance?
The compliance program is the cornerstone of a company’s policies and procedures for conforming with applicable laws and regulations, and the Guidance helps companies understand how the CFTC will review their compliance programs in the context of enforcement.
Is CFTC enforcement action a criminal?
Criminal activity involving commodity-related instruments can result in prosecution for criminal violations of the CEA and for violations of other federal criminal statutes, including commodities fraud, mail fraud, wire fraud and conspiracy.
What does CFTC stand for?
Commodity Futures Trading Commission ( CFTC ): The Federal regulatory agency established by the Commodity Futures Trading Act of 1974 to administer the Commodity Exchange Act.
How does the CFTC regulate banks and stocks?
The CFTC regulates the U.S. derivatives markets. This includes commodity futures and options markets as well as over-the-counter (OTC) markets. Swap data repositories, which were created by the Dodd-Frank Act to provide a central facility for swap data reporting and recordkeeping are also regulated by the CFTC.
Does the CFTC regulate banks?
Since the 1980s, the CFTC has provided, on a monthly basis, the U.S. banking authorities and the Bank for International Settlements (BIS, located in Basel, Switzerland) aggregate large-trader positions of banks participating in various financial and non-financial commodity futures.
What is the difference between CFTC and SEC?
The mission of the SEC is to protect investors, maintain fair, orderly, and efficient securities markets, and facilitate capital formation. The mission of the CFTC is to foster open, transparent, competitive and financially sound markets.
What is SEC in banking?
What Is the Securities and Exchange Commission ( SEC )? The U.S. Securities and Exchange Commission ( SEC ) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.
Who regulates mixed swaps?
Under the comprehensive framework for regulating swaps and security-based swaps established in Title VII, the CFTC is given regulatory authority over swaps, the SEC is given regulatory authority over security-based swaps, and the Commissions jointly are to prescribe such regulations regarding mixed swaps as may be
What are swap dealers?
A swap dealer (SD) is an entity that holds itself out as a dealer in swaps; makes a market in swaps; regularly enters into swaps with counterparties as an ordinary course of business for its own account; or engages in any activity causing the entity to be commonly known in the trade as a dealer or market maker in swaps
How are derivatives regulated?
“Re- regulation.” Most derivatives, including many that were deregulated by the Commodity Futures Modernization Act of 2000, will now be regulated by the CFTC or, in the case of security-based swaps, by the SEC. “Mixed swaps” will be jointly regulated by the CFTC and SEC. Mandatory Clearing and Trading.