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Oct 28, 2013

Fed may outline commodity policy for banks early 2014 -source

WASHINGTON, Oct 28 (Reuters) – The U.S. Federal Reserve may
not unveil its plans for regulating Wall Street’s commodity
trading business until early next year, a person briefed on the
matter said, deferring a decision on the politically fraught
debate into 2014.

The timing confounds any expectations that the regulator
would make its views known before a second Senate hearing
expected next month into the rigging of aluminum and other
markets, at which Fed officials are due to testify.

Oct 24, 2013

Cash-starved U.S. swaps watchdog to furlough staff in 2014

WASHINGTON (Reuters) – The U.S. derivatives regulator said it could send staff home for several weeks next year because of budget cuts, just as takes on crucial new responsibilities in overseeing the $630 trillion market.

The Commodity Futures Trading Commission, whose powers were vastly expanded after the 2007-2009 financial crisis, depends on Congressional appropriations for its budget, unlike U.S. bank regulators, which are self-funded.

Oct 24, 2013

U.S. sets bank liquidity plan, says tougher than Basel

WASHINGTON (Reuters) – U.S. regulators unveiled a plan on Thursday for banks to hold enough assets they can easily sell to survive a credit crunch, calling on U.S. banks to meet new liquidity standards two years before most foreign banks must comply.

The proposal, which tells banks to hold enough liquid assets to meet their cash needs for 30 days, is a key plank of the Basel III capital rules agreed globally to make banks safer after the 2007-09 credit crisis.

Oct 24, 2013

US Fed launches bank liquidity plan, says tougher than Basel

WASHINGTON, Oct 24 (Reuters) – The U.S. Federal Reserve on
Thursday unveiled a plan requiring banks to hold enough assets
they can easily sell to survive a credit crunch, which it said
was tougher than what international regulators demanded.

The plan, which will tell banks to hold enough liquid assets
to meet their cash needs for 30 days, is a key plank of the
Basel III capital rules agreed globally to make banks safer
after the 2007-09 credit crisis.

Oct 23, 2013

U.S. swaps regulator to vote on commodity limits rule

WASHINGTON (Reuters) – The U.S. derivatives regulator will meet next month to adopt a rule that will curtail Wall Street’s ability to speculate with commodities, a measure investment banks are fighting in court.

The Commodity Futures Trading Commission is revising the rule on so-called position limits, even as its lawyers are preparing to defend an earlier version knocked down by a U.S. court last year.

Oct 22, 2013

U..S swaps watchdog may drop anti-speculation rule appeal

WASHINGTON, Oct 22 (Reuters) – The U.S. derivatives
regulator is considering dropping its appeal to defend a rule
that would severely limit Wall Street’s ability to speculate
with commodities, a senior official at the agency said on
Tuesday.

The Commodity Futures Trading Commission is putting the
final touches on a revised position limits rule even as its
lawyers are preparing to defend the original rule that was
knocked out by a U.S. court last year.

Oct 22, 2013

CFTC may drop appeal on commodity trading limits, Wetjen says

WASHINGTON (Reuters) – The U.S. derivatives regulator is considering dropping its appeal to defend a rule that would severely limit Wall Street’s ability to speculate with commodities, a senior official at the agency said.

The Commodity Futures Trading Commission is putting the final touches on a revised position limits rule even as its lawyers are preparing to defend the original rule that was knocked out by a U.S. court last year.

Oct 21, 2013

Shell trading unit registers with U.S. swaps regulator

WASHINGTON, Oct 21 (Reuters) – A Houston-based unit of Royal
Dutch Shell Plc applied to become a registered
derivatives dealer, the second global oil company to accept
tough new U.S. trading rules.

More than 80 banks across the world that dominate the
lucrative commodity derivative trading business have registered
as so-called Swap Dealers with the Commodity Futures Trading
Commission since the beginning of the year.

Oct 18, 2013

Fed’s Tarullo says bank funding still biggest risk

WASHINGTON (Reuters) – Reforming short-term funding markets in which banks finance large parts of their business, remains the biggest unfinished job for supervisors around the world, a top U.S. bank regulator said on Friday.

“The most important systemic vulnerabilities that have not been subject to sufficient regulatory reforms are those created in short-term wholesale funding markets,” U.S. Federal Reserve Governor Daniel Tarullo said in a speech.

Oct 11, 2013

Exclusive: U.S. CFTC finishing new, tougher commodity limits rule – sources

WASHINGTON (Reuters) – The U.S. derivatives market regulator is nearing completion of a new rule for position limits in commodity markets that is in parts tougher than the previous proposal, two sources with direct knowledge of the plan said.

Commodity Futures Trading Commission Chairman Gary Gensler is rushing to get a revamped rule out before he leaves office in December, said the sources, even while agency lawyers are still preparing to defend the original position limits regulations that were knocked back by a U.S. court last year.

    • 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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