How to manage global AML/CTF obligations The Global Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) team at Baker & McKenzie is embarking on a new webinar series for 2016 to guide you through the complex AML/CTF landscape and how it impacts you and your business. The first session of our Global AML/CTF Webinar Series, titled “How to manage global AML/CTF obligations”, will be held on Thursday 26 May 2016. Emma Hunter (Sydney), Karen Man (Hong Kong), Brian Whisler (Washington DC) and Arun Srivastava (London) will discuss US extraterritorial reach and cross-border compliance. gister by clicking this link. Kind regards, Astrid Raetze…...

Membership: * Being a part of a group or an organization * All the people that are a part of an organization – Merriam-Webster’s Dictionary The first recorded use of the word “membership” is during the English Civil War in 1643. (OnThisDay.com) Membership in the NIBA has only been available since 1991, but in those 25 years we’ve been on the frontline — educating derivative professionals, and representing your opinions on matters of regulation and other industry issues. NIBA is premiering our “Members Only” Portal this summer. Members will have access to industry resources, in-office intern programs, white papers and…...

Market followers are divided on when global oil prices will recover to a higher plateau after tumbling to a 13-year low during the first quarter while a majority observing the US natural gas market maintain a bearish disposition, with both markets under pressure from too much supply. In New York late April, we reviewed the global outlook for supply and demand drivers for oil, and then turned for a closely examination of the domestic market, with US crude production the critical component in not only a recovery from unsustainably low oil prices, but also in creating the oversupplied market in…...

Mark your calendar now to attend the NIBA Joint Event at DePaul University Chicago Campus, July 14. For the 3rd year in a row, this afternoon meeting will include business sessions and and time for networking. A cybersecurity panel led by Jeff Henderson of GreenburgTraruig, and including Gil Vega of the CME Group, Matt Kluchenek of Baker & McKenzie, and the NFA will be one of the focus topics. Check the website for Program updates — registration opens soon. Questions: Jerry Nolan, NIBA Chairman for this Event, [email protected] or committee members, Tom Sandy, [email protected]; Mike Burke, [email protected]; or Mark Washack,…...

Thank you to NYC Speakers/Sponsors Thank you to the Speakers and Sponsors of last week’s Member Event in New York City. For the third year, NIBA members met at the New York Athletic Club for an afternoon of business sessions and networking. Thank you to our Event Sponsors CME Group and Straits Financial. Thanks also to last week’s speakers. In the coming weeks, we will be featuring articles written by the speakers – each one an expert in the industry. Please feel free to contact directly anyone with whom you would like to follow-up. Product Sessions: James Steel, james. [email protected]…...

At What Price will Crude Futures End 2016? Current forecasts for the end-year price level for US crude oil are in sharp disagreement, as market observers’ debate the effect of record high oil inventories, strong demand, and the impact sharp cuts to capital expenditures for drilling and expected energy company bankruptcies will have on new production. Price volatility for West Texas Intermediate futures on the New York Mercantile Exchange was high in the first quarter, with market participants whipsawed with a price plunge to a $26.05 bbl nearly 13-year low before rallying 61% to $41.90 five weeks later. Sentiment turned…...

Over the last 6 years the crude oil market has had a material change in market structure.The changing landscape of regulation, capital requirements and the withdraw of participation by certain market participants has changed the open interest formation. Open interest has basically double in this period while volumes have remain relatively unchanged. With the shift of the geographic demand to Asia across all commodities , it is interesting to note some of the uniqueness of Asia demand. The other feature of the market is the dramatic change in the forward curve.$100 crude had a backwardation of $20, now we live…...

Celebrate SmartCheck WeekSM with us, April 11?17, by following us at our new U.S. Commodity Futures Trading Commission (CFTC) SmartCheck pages on Facebook and Twitter. SmartCheck Week is an effort to encourage all consumers to check the background of their financial professional at least once a year. The CFTC?s Office of Consumer Outreach encourages you to promote this week to your audience through social media, newsletters, and email. Templates for these communication methods are below and available for your use. Through these channels, we look forward to increasing contact with you and striving to improve investors? financial health. Everyone benefits…...

Dear Members – On March 1, 2016, the NFA’s Cybersecurity Interpretive Notice became effective. It requires NFA Member firms to adopt and enforce written policies and procedures to secure customer data and access to their electronic systems. The notice applies to all membership categories including IBs, CTAs, CPOs, swap dealers and forex dealers. During the past month and a half I’ve had several discussions with IBs and CTAs who were not aware of their obligations under this Notice, and what actions were needed in order to remain in compliance as NFA Members. On April 20, NIBA will host a panel…...

NIBA/ DePaul Internship Joint Endeavor- The NIBA is out to make your life easier! The idea for this internship program was proposed and found strong support among NIBAs Advisory Group. Qualified students will be matched with members looking for candidates trained in a broad array of critical sectors, including Finance, Statistics, Media, Marketing, and Law. The goal of our program is to foster meaningful development-importantly – for both the interns and the member. According to Tom Sandy, NIBA Member Rice Dairy’s experience with DePaul interns has gone very well and the company looks forward to participating in this new joint…...