The NFA published its Annual Review for Fiscal Year 2017. In the report, the NFA listed notable accomplishments and developments from FY 2017, including:
- Launching the first phase of a monitoring program for swap dealer ("SD") initial margin models;
- Issuing an interpretive notice to standardize information filed for swap valuation disputes;
- Implementing new monthly risk data reporting requirements for SDs;
- The collection of new financial ratio reporting information;
- Enhancing transparency for retail foreign exchange customers;
- Undertaking efforts to improve cybersecurity education for members;
- Conducting audit trail reviews for several swap execution facilities; and
- Performing onsite exams for both U.S. and non-U.S. SDs.
The report also included statistics and information on enforcement actions, resources for members, and financial statements.
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