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Feb 25, 2015

EU and US struggle to resolve derivatives clearing dispute

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.
clearing houses.

Feb 20, 2015

U.S. lawmakers query CFTC regulator over stock sales

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
interest.

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.

Feb 17, 2015

JPMorgan tops list of risky banks: government study

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.

Feb 17, 2015

JPMorgan tops list of risky banks -U.S. government study

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.

Feb 12, 2015

U.S. regulators to discuss leverage ratio market concerns

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.

Feb 4, 2015

U.S. Bancorp to pay $18 mln to customers of failed Peregrine

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.”

Feb 3, 2015

U.S. government finance research unit seeks boost with own website

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
subpoenas.

Feb 2, 2015

U.S. banks say global ‘too-big-to-fail’ plan is too strict

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
taxpayer bailouts.

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.

Jan 30, 2015

Fed to propose margin rule aimed at shadow banking -Tarullo

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
on Friday.

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.

Jan 21, 2015

Top U.S. financial risk watchdog pledges more transparency

Jan 21 (Reuters) – The top U.S. financial risk watchdog
pledged to revise the procedures used to designate firms as
super-risky and make them more transparent on Wednesday, after a
flood of criticism from insurers and asset managers that the
process was too opaque.

Staff read out a number of proposals at a meeting of the
Financial Stability Oversight Council (FSOC), which acts to
identify which parts of the financial system are “too big to
fail.”

    • 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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