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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-12-04T19:28:00
The Commodity Futures Trading Commission (CFTC) promoted the need for developing high-integrity voluntary carbon markets in publishing proposed guidance for the listing of voluntary carbon credit (VCC) derivative contracts.
The proposal, put forward by the CFTC on Monday, does not seek to modify existing regulatory requirements but instead outline particular commodity characteristics designated contract markets should consider when designing a VCC futures contract’s terms and conditions, said CFTC Chairman Rostin Behnam in a statement. The guidance follows two years of examination of carbon markets by the agency.
“The primary takeaway from this research and public engagement is clear: The commission should act, consistent with its statutory authority under the Commodity Exchange Act, to strengthen market integrity, transparency, and liquidity for derivatives with an underlying VCC that are real, additional, permanent, verifiable, and represent unique metric tons of [greenhouse gas] emissions reduced or removed from the atmosphere,” said Behnam.
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2024-05-28T19:20:00Z By Adrianne Appel
The Treasury Department and other U.S. agencies announced a coordinated federal policy concerning carbon credits and other voluntary incentives to encourage businesses and agriculture to cut their carbon footprints.
2023-11-07T19:35:00Z By Kyle Brasseur
The Commodity Futures Trading Commission solidified its view that it should be a primary regulator of cryptocurrencies with a record amount of cases regarding the digital asset space in fiscal year 2023.
2023-06-21T16:08:00Z By Jeff Dale
The Commodity Futures Trading Commission issued an alert regarding the identification and reporting of potential fraud or manipulation in carbon markets.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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