We are delighted to feature a Q&A interview with Craig Phillips, Counselor to the Secretary, U.S. Department of the Treasury.

Interest rate derivatives volume traded in April 2018 recorded a sharp decline when compared to volumes in March 2018. An overall 28.9% decline in volumes traded was due to a fall in volumes across all three regions - Americas (-28.5%), Asia-Pacific (-40.6%) and EMEA region (-27.1%).

Dear Colleagues

Welcome to the May issue of Focus, which has a real CCP flavour this month.

We continue to look back at the key themes to emerge from our recent IOMA: WFE’s Clearing & Derivatives Conference, with a number of interviews and contributions from participants at the event.

We kick off with a Q&A interview with Craig Phillips, Counselor to the Secretary, U.S. Department of the Treasury who joined me and Craig Donohue, OCC's Executive Chairman & CEO, and hosts of this year’s IOMA, in a Fireside Chat. In this issue, he addresses some of the critical questions around Treasury’s key ref...

Dubi Vigdorovich, Cyber, CISO & Data Security Unit Manager, Information Technology and Operations Department, Tel-Aviv Stock Exchange (TASE), provides tips on mitigating cybersecurity vulnerabilities at exchanges.

Kesara Manchusree, President of the Stock Exchange of Thailand (SET) writes in May's edition of Focus about the launch of 'LiVE', a new blockchain-based platform that aims to boost startups in Thailand.

The WFE has responded to IOSCO's Consultation Report on 'Mechanisms used by trading venues to manage extreme volatility and preserve orderly trading'.