NFA announced on May 23rd that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA’s Board of Directors has authorized the formation of a committee to conduct a search for his successor. The search will consider both internal and external candidates. Mr. Roth joined NFA in September 1983 as an attorney and has held a number of positions with increasing responsibilities, including General Counsel, Executive Vice President and Chief Operating Officer. In January 2003, Mr. Roth began his tenure as President and CEO. “I’m proud of all that NFA has achieved during my....
NYC Conference Follow Up: NFA Cybyersecurity Interpretive Notice
In light of the almost daily news about cybersecurity breaches, including at financial institutions, and the significant threat and damage these breaches could cause to NFA’s Member firms, customers, and the U.S. derivatives industry, NFA developed guidance requiring Members to adopt and enforce procedures to secure both customer data and access to their electronic systems. With ongoing technological advancements, it is important to ensure Members have supervisory practices in place that are designed to identify cybersecurity risks, implement appropriate safeguards, and respond accordingly should an attack occur. Cybersecurity Interpretive Notice The Cybersecurity Interpretive Notice became effective on March 1, 2016.....
NIBA-DePaul Arditti Center Intern Program Announcement
NIBA Joins with DePaul’s Arditti Center on an Intern Program NIBA is excited to announce our joint effort with DePaul University’s Arditti Center to develop and implement an Intern Program for NIBA members. The purpose is to provide mutual value through appropriate matches of a student’s interest and capacity, with the specific interest and needs of a NIBA member. The Arditti Center has a strong record of attracting high quality students to their program(s), and most candidates for interning at our firms will be students at the financial/risk management Center. As such, NIBA members can expect the student to be....
CME Group/Purdue Ag Economy Barometer
We’re pleased to announce that CME Group and Purdue University have partnered to introduce a new economic indicator to measure the health of the U.S. agricultural economy – the Purdue/CME Group Ag Economy Barometer. Each month, the Ag Economy Barometer will provide a sense of the agricultural economy’s health with an index value based on a survey of 400 agricultural producers on economic sentiment. We’re working with Purdue to provide this new tool to agricultural customers, agribusiness thought leaders, academics, members of the press and other market participants as we believe it will provide an essential resource for monitoring the....
NYC Conference Follow Up: Attaining a Viable Cyber Security Program at a Reasonable Price
Attaining a Viable Cyber Security Program at a Reasonable Price; is it Possible? We’ve all heard about the hacks at Sony, Target, and even the U.S. Government. Fortune 500 companies and US government agencies getting hacked is exciting news. Well, actually – it’s terrifying. And even more disturbing is the complexity associated with solving this problem. For a Fortune 500 company, the solution involves throwing money at the problem by hiring another 25-50 cyber security experts and investing another $50-$100m in cyber security. But what if you’re a smaller firm, but no less meaningful to its owners or stakeholders, with....
Global AML Webinar Series
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....
May’s Chairman Letter
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....
NYC Conference Follow Up: Oil & Gas: All Stored Up with Nowhere to Go
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....
Save-the-Date: July 14, NIBA/DePaul Joint Event
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,....
NYC Recap
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]....