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Dec 21, 2014

Exclusive: Southwest’s oil swap trade waiver raises CFTC questions

WASHINGTON (Reuters) – Last month’s move by the U.S. commodities regulator to let Southwest Airlines Co keep its multibillion-dollar oil trades secret for 15 days offered the world’s biggest low-cost carrier a break it has been seeking for three years.

However, the decision to grant the airline an exemption from rules calling for greater derivatives transparency raised concerns about its market impact and sparked a debate among regulators, according to people familiar with the approval process.

Dec 21, 2014

Southwest’s oil swap trade waiver raises CFTC questions

WASHINGTON, Dec 21 (Reuters) – Last month’s move by the U.S.
commodities regulator to let Southwest Airlines Co keep
its multibillion-dollar oil trades secret for 15 days offered
the world’s biggest low-cost carrier a break it has been seeking
for three years.

However, the decision to grant the airline an exemption from
rules calling for greater derivatives transparency raised
concerns about its market impact and sparked a debate among
regulators, according to people familiar with the approval
process.

Dec 21, 2014

Southwest’s oil swap trade waiver raises CFTC questions

WASHINGTON, Dec 21 (Reuters) – Last month’s move by the U.S.
commodities regulator to let Southwest Airlines Co keep
its multibillion-dollar oil trades secret for 15 days offered
the world’s biggest low-cost carrier a break it has been seeking
for three years.

However, the decision to grant the airline an exemption from
rules calling for greater derivatives transparency raised
concerns about its market impact and sparked a debate among
regulators, according to people familiar with the approval
process.

Dec 19, 2014

MetLife harbors stability risks, U.S. regulators say

WASHINGTON (Reuters) – U.S. regulators on Friday sketched several scenarios in which MetLife could exacerbate a financial crisis, motivating their decision to subject the largest U.S. insurer to tougher oversight.

The Financial Oversight Stability Council, established to prevent a repeat of the 2007-09 credit collapse, said MetLife could disrupt markets if it was forced to sell off illiquid assets should it land in trouble.

Dec 15, 2014

MF Global Holdings nears settlement with CFTC

WASHINGTON (Reuters) – MF Global has agreed with the Commodity Futures Trading Commission to settle charges of wrongdoing during the collapse of the futures brokerage, which left a $1.6 billion shortfall in customer accounts, a court document showed

But Jon Corzine, the former New Jersey governor and U.S. senator, could still object to the agreement, the document showed, and so could the other individual defendant, MF Global’s former Assistant Treasurer Edith O’Brien.

Dec 5, 2014

US Congress aims to fix insurance capital rules next week -source

WASHINGTON, Dec 5 (Reuters) – U.S. Senate and House of
Representatives lawmakers look set to tweak a law next week to
provide relief for large insurance firms from tight capital
rules designed for banks, a source familiar with the
negotiations said on Friday.

The fix of the so-called Collins Amendment to the 2010
Dodd-Frank Wall Street reform law would allow the Federal
Reserve to tailor stricter capital buffers so that they better
suit insurance firms’ business structures.

Dec 4, 2014

U.S. swaps regulator wants tighter clearing house rules

WASHINGTON, Dec 4 (Reuters) – Regulators should consider
tighter rules for clearing houses given their crucial role as
guardians against market routs after the 2007-2009 credit
crisis, a senior U.S. swaps regulator said on Thursday.

The Commodity Futures Trading Commission should take a first
step towards subjecting clearing houses to more standardized
regular checks of their financial health, known as stress tests,
CFTC Commissioner Mark Wetjen said.

Dec 2, 2014

Tight new rules may boost shadow banks, U.S. risk watchdog warns

WASHINGTON (Reuters) – Tough new rules to make banks safer after the credit crisis are imperfect and could boost less-regulated activities in the so-called shadow banking system, a top U.S. government research group said on Tuesday.

The Federal Reserve’s annual check of the financial health of the banking system, known as stress tests, for example, fell short on several counts, the Office of Financial Research said in its annual report to Congress.

Nov 25, 2014

U.S. Fed plans enhanced capital standards for GE unit

WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric’s finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system.

The proposed standards would be generally similar to those that apply to large banks, the Fed said. The proposal was open for public comment for a period of 60 days.

Nov 18, 2014

Exclusive – Europe eyes longer respite for U.S. swaps clearers: source

WASHINGTON (Reuters) – The European Union will soon push back a deadline by which U.S. clearing houses need to comply with its rules, a source familiar with the matter said, taking the sting out of a dispute with America over how to regulate swaps.

The deadline will be postponed until June 15, 2015, from Dec. 15, said the source, asking not to be named. Reuters first reported in September that Brussels was considering a delay, but such a move was not a foregone conclusion. [ID:nL1N0R42YL]

    • About Douwe

      "I head up the Financial Services team in London. We're 20 journalists, covering M&A, IPOs, restructuring, banking, real estate, investment management, hedge funds and private equity. I've worked for Reuters in Zurich, Frankfurt and Amsterdam."
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