• About
  • Privacy Policy
  • Terms
  • Contact
Friday, January 27, 2023
Financial Eye News
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
Financial Eye News
No Result
View All Result

Markets ‘operating well,’ no sign of defaults amid extreme volatility – CFTC Chair

March 19, 2022
in Latest Financial News
Reading Time: 3 mins read
49 2
ADVERTISEMENT

BOCA RATON/WASHINGTON, March 16 (Reuters) – Markets are “operating well” amid extreme volatility sparked by Russia’s invasion of Ukraine, although there are unknown risks, the chair of the U.S. Commodity Futures Trading Commission said on Wednesday.

While there is “certainly” stress on the financial system there are so far no red flags of potential defaults, Rostin Behnam told the International Futures Industry Conference.

The agency’s surveillance unit is “surgically focused” on analyzing trading for manipulative, inappropriate or disruptive conduct, but the markets are “reacting and operating well” given the challenging situation.

“There remain unknowns, especially in the derivatives space, as we hit upcoming delivery marks or if we have any number of supply constraints that could affect different products and asset classes,” he added.

A slew of Western retaliatory sanctions on Russia’s financial system and oil exports this month sparked wild swings in the prices of oil, metals and other raw materials and generated more margin calls at clearinghouses and trading firms.

That means some counterparties have to stump up more liquid collateral they must pledge to secure their trades. Sudden, large margin calls can put financial stress on institutions that do not hold sufficiently liquid assets.

The U.S. Securities and Exchange Commission this week issued a rare public warning to broker dealers that they should “remain vigilant” to such counterparty risks.

Behnam said U.S. and overseas financial regulators are working together to maintain market resilience and stability, and that the CFTC was also coordinating with the U.S. Treasury to ensure market participants could use sanctions waivers to cover their exposures.

(This story corrects spelling of name in 2nd and 8th paragraphs.)

Reporting by John McCrank in Boca Raton, Florida and Katanga Johnson in Washington

Our Standards: The Thomson Reuters Trust Principles.

Source: Reuters

ADVERTISEMENT
Tags: AMERSASIAASXPACBISVBISV08BNKSBNKS1BSVCCDTYCEEUCISCCOMCWPECONEMRGENERENFFEUROPEXCAFINFINREGFINSFINS08FNMKTFNMKT1GENHOTINVBISINVS08MCENAMERNASIAOILGPOLREGSRSBI:REGULATORY-OVERSIGHTRUSTXSUSTAINABLE-BUSINESSTOPCMBTOPNWSUAUSWARWASH
Share6Tweet4Share1SendShareSend

Related Posts

Latest Financial News

Oil tanker jam forms off Turkey after start of Russian oil cap

December 5, 2022
Latest Financial News

The west’s messy Russian oil price cap begins to bite

December 5, 2022
Latest Financial News

Coinbase bonds: FTX saga saps credibility of Wall St wannabe

December 5, 2022
Latest Financial News

Crypto group Circle abandons $9bn deal to go public through Bob Diamond’s Spac

December 5, 2022
Latest Financial News

Trafigura secures $3bn loan facility to provide Germany with natural gas

December 5, 2022
Latest Financial News

Market turmoil threatens to undermine efforts to curb inflation, says BIS

December 5, 2022

Popular Stories

  • AIG to launch cut-price IPO of life and asset management unit

    48 shares
    Share 19 Tweet 12
  • EY boss targets $10bn boost from Silicon Valley tie-ups after break-up

    32 shares
    Share 13 Tweet 8
  • Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

    32 shares
    Share 13 Tweet 8
  • TV production giant Banijay to go public via Arnault-backed Spac

    30 shares
    Share 12 Tweet 8
  • Nio to Invest $32.8M Building R&D Labs in Shanghai By Financial Eye

    30 shares
    Share 12 Tweet 8
ADVERTISEMENT

Latest News

Taylor Swift Fans Sue Ticketmaster’s Parent Company

December 5, 2022

Fisker trades down following price cut at Citi By Financial Eye

December 5, 2022

UAW president faces run-off election as reformers make gains

December 5, 2022

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022

Longroad buys 98-MW solar farm in California

December 5, 2022
Facebook Twitter LinkedIn

Financial Eye is one of the most trusted news sources for Financial News, global news and local USA news, we provide the news from the most trusted sources.

LEARN MORE »

Recent News

  • Taylor Swift Fans Sue Ticketmaster’s Parent Company
  • Fisker trades down following price cut at Citi By Financial Eye
  • UAW president faces run-off election as reformers make gains

Sections

  • Business
  • Climate
  • Commodities
  • Companies
  • Cryptocurrency
  • Cryptocurrency
  • Forex
  • Green Energy
  • Latest Financial News
  • News
  • Politics
  • Stock Market News
  • Technology
  • Videos

© 2022 Financial Eye News Media

No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • Videos

© 2022 Financial Eye News Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe To Our Daily News Round-Up.

The top ten most-read stories direct to your inbox

You have Successfully Subscribed!

You have Successfully Subscribed!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.