Financial Regulatory Forum

ANALYSIS-Transaction taxes, liquidity and patience

By Reuters Staff
September 8, 2010

By Mike Dolan

LONDON, Sept 8 (Reuters) – The case for a tax on global financial transactions may have been perversely boosted by the relative success of foreign exchange markets through the past three years of world banking turmoil.

COLUMN – OTC derivatives modernisation deserves support: John Kemp

October 9, 2009

U.S. Representative Barney Frank (D-MA), Chairman of the House Financial Services Committee, listens to a reporter's question during the Reuters Global Financial Regulation Summit in Washington, April 28, 2009.  REUTERS/Jonathan Ernst (UNITED STATES POLITICS BUSINESS HEADSHOT)  — John Kemp is a Reuters columnist. The views expressed are his own —

By John Kemp
LONDON, Oct 9 (Reuters) – Prominent banks and some business groups have warned policymakers their efforts to force standardised over-the-counter (OTC) derivatives transactions onto futures exchanges and into the clearing system will drive trading offshore and raise the cost of genuine risk-hedging for non-financial firms.
But scaremongering by the finance industry’s well-paid lobbyists about “unintended consequences” should not deter legislators from pressing ahead with a worthwhile reform.

Nine central banks join settlement systems group

By Reuters Staff
July 24, 2009

ZURICH, July 24 (Reuters) – Nine central banks — including those from China and India — have joined the Committee on Payment and Settlement Systems (CPSS), the Bank for International Settlements said on Friday.