Breakingviews

Giving watchdog algorithm keys is slippery slope

June 14, 2016

The CFTC wants to inspect source codes of trading firms without a subpoena. The U.S. agency says it’s needed for records retention. Unclear is whether the regulator can safeguard such intellectual property, and it opens the door for other officials to request similar access.

Flash crash case suggests small can be systemic

April 22, 2015

U.S. prosecutors have accused a UK trader of manipulating futures markets and contributing to a broader rout in May 2010. It’s a timely reminder of the limits of regulating risk. The lawsuit also shows how one person can have as much power as a big institution to stir a crisis.

New US finance sheriff carves out shadowy domain

By Rob Cox
February 23, 2012

The Consumer Financial Protection Bureau under Richard Cordray is throwing a regulatory lasso around a motley crew of cash checkers, credit bureaus, money wirers and debt collectors. As our new ’Cordray Index’ shows, they’ve had a wonderful financial crisis. That may change.

Pending bill clears way for CFTC limits vote

May 24, 2010

With Congress poised to enact sweeping financial reforms next month, attention will switch back to the Commodity Futures Trading Commission (CFTC) proposals to impose tougher position limits on major energy contracts.

Tin tests FSA’s mettle

October 5, 2009

The year-long squeeze in the London Metal Exchange’s tin contract has renewed intense criticism about the ineffectiveness of commodity regulation in London. It comes at an awkward time, just as the UK authorities try to resist pressure from the United States to introduce stricter market oversight and tougher position limits.