On July 8, 2014, the NIBA and DePaul University’s Arditti Center for Risk Management presented an afternoon event on the University campus in Chicago. DePaul recorded the program. The first session, Introduction to the NIBA included a panel discussion of the effect of CFTC Reg. 1.22 on our customer relationships, led by Susan Osmanski of Turnkey Trading Partners. The panel included Mike Coglianese, Michael Coglianese, CPA; Jeff Henderson, Henderson Law Firm; and Dale Spoljaric representing the NFA. A second panel discussed managed futures as an alternate asset class, watch it here. ...
Risk Leadership Keynote Lunch, September 24th
The Arditti Center is pleased to announce that Michelle McCarthy will be the September 24th keynote speaker for the Risk Leadership Program. Michelle will discuss how risk management developed in banks, and how it differs when applied to other industries, particularly investment management. She will also highlight elements which derive from strong vs weak risk leadership, eg. risk-aware culture, healthy challenge, transparency, accountability, and reputation risk. The keynote lunch is free and part of the larger Risk Leadership Series. Find out more on the Arditti website, and RSVP for lunch on the Registration Page. Michelle McCarthy is a Managing Director and…...
Chairman’s Letter
Dear Members – Next week, I have appointments with our CFTC regulators. Steve Petillo, NIBA President, and I are going to Washington, DC to meet the three new members of the Commission along with Commissioner Weijen, the remaining member of the past group of five. Our agenda points include a discussion of Regulation 1.22 — dubbed the “residual interest” rule, and Regulation 1.35 — the recording rule which chiefly applies to cell phone use. The first phase of Reg. 1.22 is due to become effective in November. NIBA has not spoken to any registrant who believes this regulation is good…...
NIBA September Conference Annoucement
You’re Invited! You’re invited to the fall NIBA Membership Conference, September 22 in Chicago. This is a full day of education, information and networking designed to give you the tools for a successful business. The day begins with a floor tour at the historic Chicago Board of Trade, along with a continental breakfast. That’s followed by a session on compliance issues specifically focused on swaps participants, and a panel of experts discussing tax issues and changes every IB and CTA needs to be aware of. Box Lunches will be served at the CME Group Building. We are happy to announce…...
The Arditti Center Executive Risk Management Leadership Series
Wednesday, September 24 (12 to 2 pm): A free lunch with a keynote speaker and presentation by our instructors. Wednesday, October 15 (12 to 2 pm): A free lunch with a keynote speaker and presentation by our instructors. Wednesday, November 12 (8 am to 5 pm): One-day capstone program featuring interactive case studies, a keynote lunch, and a keynote dinner the evening before. Program Summary Developing and maintaining superior performance in corporate risk management, which is both effective in taking high-stakes decisions and fail-safe in times of stress, requires executive leadership. Focusing on the critical areas of risk management infrastructure,…...
Chairman’s Letter
Dear Members – Many NIBA Members are already feeling the effects of CFTC Regulation 1.22 as FCMs begin to phase in the changes to margining customer accounts as enumerated. The so-called “residual interest” provision in the rule, due in November 2014, shortens the three-day period which customers currently have to meet margin requirements. The time period further shortens in four years. The NIBA has vigorously opposed CFTC Reg. 1.22 since it was proposed. Included as part of the sweeping customer protection rules enacted by the Commission as a result of the Dodd-Frank Act and in response to the failures of…...
July 8 DePaul Event Follow-up
On July 8, 2014, the NIBA presented its first co-sponsored event with DePaul University on the University campus in Chicago. DePaul staff recorded the program, and the full video will be posted on this site within the next few days. The afternoon program included a session on the effect CFTC Reg. 1.22 will have on our customer relationships, and one on managed futures as an alternative investment class. Attendees received handouts from NIBA service providers, as well as from DePaul, and we all enjoyed a reception on the 11th Floor terrace of the campus downtown building. Approximately 140 individuals registered…...
NFA assessment fee reduction will become effective on October 1, 2014
Notice to Members I-14-18 July 7, 2014 NFA assessment fee reduction will become effective on October 1, 2014 Effective October 1, 2014, NFA’s assessment fee will be $.01 per side for futures and options contracts. The new rate is a 50 percent decrease from the current rate. NFA’s Board of Directors believes that, based on recent trends in public trading volume growth, this fee reduction may be sustainable for a few years. Obviously, the trend in trading volume may change, which could either shorten or lengthen the amount of time that this fee can be maintained. For additional information, consult…...
Chairman’s Letter
Dear Members: Communication, communication, communication….the key to success in our industry. It can take many forms — and this month you can take part in three of them at the NIBA. July 8 — Our co-sponsored program at DePaul University (LINK HERE) is the place to learn about the changes CFTC Reg. 1.22 will bring for your customer relationships in the coming months. NIBA LinkedIn — Did you know the NIBA LinkedIn Group has more than 1,000 members? Members meet up regularly, post and read news from all over the industry. Ask NFA — Our newest feature lets you ask…...
July 8-NIBA/DePaul University Co-Sponsored Event
On the afternoon of July 8, 2014, the NIBA will present its first co-sponsored event with DePaul University in Chicago. Two panel discussions and a Networking Reception are included in the afternoon’s program. Registration is required. Click to Register The first panel will discuss the effect of CFTC Reg. 1.22 on your relationship with your customers. FCM implementation of Reg. 1.22 means that customers will have shorter timeframes in which to meet their margin calls. Although this regulation is scheduled to go into effect over the course of 2014, several FCMs have already began to transition by making the required…...