WASHINGTON, Feb 26 (Reuters) – The U.S. Commodity Futures
Trading Commission is considering some changes to proposed rules
for margin for derivatives traded without the intermediation of
clearing houses, the head of the agency said on Thursday.
Chairman Tim Massad said discussions with international
regulators had brought to light some differences between the
regimes in Europe and Japan.
WASHINGTON, Feb 25 (Reuters) – European Union and U.S.
negotiators are struggling to move past some stumbling blocks in
talks over mutually acceptable rules for derivatives clearing
houses, two people familiar with the talks said.
Negotiators hope to reach a deal by June 15, when new
capital requirements kick in for European banks that would make
it prohibitively expensive for them to do business with U.S.
WASHINGTON, Feb 20 (Reuters) – Two Democratic lawmakers on
Friday raised concerns over share sales by an official at a U.S.
regulator at a time when his former company was engaged in a
takeover battle, saying there had been possible conflicts of
Chris Giancarlo started work as a member of the Commodity
Futures Trading Commission, which oversees futures and swaps
trading, in June of last year. Before that, he held a senior
role at derivatives broker GFI Group Inc.
WASHINGTON (Reuters) – JPMorgan Chase & Co bears the highest potential hazard to the financial system if it were to fail, a staff study released by a U.S. government research agency showed, providing a first-of-its-kind numerical risk ranking of U.S. banks.
The bank had a “systemic risk score” of 5.05 percent for 2013 in a group of 33 large U.S. bank holding companies, the study by staffers at the Treasury Department’s Office of Financial Research (OFR) said.
WASHINGTON, Feb 17 (Reuters) – JPMorgan Chase & Co
bears the highest potential hazard to the financial system if it
were to fail, a staff study released by a U.S. government
research agency showed, providing a first-of-its-kind numerical
risk ranking of U.S. banks.
The bank had a “systemic risk score” of 5.05 percent for
2013 in a group of 33 large U.S. bank holding companies, the
study by staffers at the Treasury Department’s Office of
Financial Research (OFR) said.
WASHINGTON, Feb 12 (Reuters) – U.S. rules to bolster banks’
ability to withstand shocks could dampen derivative markets, the
head of the Commodity Futures Trading Commission said on
Thursday, an issue regulators would meet to discuss.
The so-called leverage ratio forces banks to hold a fixed
percentage of their total assets in equity capital, a measure
designed to prevent costly taxpayer bail-outs such as those
during the 2007-09 credit crisis.
NEW YORK/WASHINGTON, Feb 4 (Reuters) – U.S. Bancorp agreed
to pay $18 million to former customers of Peregrine Financial
Group Inc to resolve claims that the large U.S. bank aided a
massive fraud by the failed futures brokerage’s now-imprisoned
founder, Russell Wasendorf Sr.
A consent order approved on Wednesday resolves claims by the
U.S. Commodity Futures Trading Commission that the
Minneapolis-based lender’s U.S. Bank NA unit let Wasendorf treat
an account meant to hold Peregrine customer funds as his
“personal piggy bank.”
WASHINGTON, Feb 3 (Reuters) – The U.S. government’s top
financial research group on Tuesday launched a new website, a
move aimed at helping it gain a greater profile separate from
the Treasury Department, which houses the powerful agency.
The Office of Financial Research was set up after the
2007-09 credit meltdown to help regulators map financial markets
and has the power to retrieve data from banks, including through
WASHINGTON, Feb 2 (Reuters) – A plan by regulators for the
world’s biggest banks to hold more capital to withstand
financial shocks is overly demanding, major U.S. bank groups
said on Monday, urging further study into how to avoid future
The proposal by the Financial Stability Board, a global
group of regulators, would force big banks to have between 16
and 20 percent of their liabilities in equity and long-term
bonds that can be written down in times of financial stress.
WASHINGTON, Jan 30 (Reuters) – The Federal Reserve plans to
propose a rule that applies minimum margin requirements to
certain forms of securities financing deals, in a move aimed at
reining in the shadow banking industry, a top Fed official said
Fed Governor Daniel Tarullo, the central bank’s chief
overseer of its bank regulation, said the Fed aims to take a
margin requirement rule passed last year by the Financial
Stability Board (FSB), a global group of regulators, and apply
it to the United States.