Financial Regulatory Forum

By Kevin Drawbaugh
WASHINGTON, July 22 (Reuters) – Congressional Democrats pledged on Wednesday to engage the banking industry in a summer-long debate over the Obama administration’s call for the creation of a U.S. Consumer Financial Protection Agency. (more…)

By Kevin Drawbaugh and Christopher Doering h
WASHINGTON, July 22 (Reuters) – Over-the-counter derivatives markets, a “dark corner” of the U.S. financial system, would face much greater public and government scrutiny under proposals detailed by regulators on Wednesday.

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    By Kevin Drawbaugh
   WASHINGTON, July 16 (Reuters) – The two main regulators of U.S. financial markets should merge, the chief executive of America’s largest options exchange says in remarks to be delivered to a congressional panel on Friday.
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WASHINGTON, July 15 (Reuters) – Brooksley Born, dubbed the “Credit Crisis Cassandra” for giving unheeded warnings about risks in the U.S. financial system, was appointed on Wednesday to a commission Congress established to investigate the causes of the U.S. and global financial crisis. (more…)

   NEW YORK, July 13 (Reuters) – Rules proposed by the U.S. Commodities Futures Trading Commission to limit speculation in commodities markets could boost volatility, the executive chairman of exchange giant CME Group Inc said on Monday.
   “The less participants you have in the marketplace the greater the bid/offer spread is going to be,” Terry Duffy said in an interview with Reuters TV.
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By Christopher Doering
WASHINGTON, July 10 (Reuters) – The Commodity Futures Trading Commission will move aggressively to rein in excessive speculation in energy and commodity markets by focusing on expanding its existing authority and could have new regulations in place by late October. Bart Chilton, one of five commissioners at the CFTC, said he could not predict what the agency will do, but he would like to see the proposed rules issued in September, then implemented by late October or November after a period of public comment. (more…)

    By Russell Blinch
   WASHINGTON, July 7 (Reuters) – The top regulator of U.S. futures markets is considering a clampdown on excessive speculation in energy and commodity trading by restricting holdings of big players, part of a broader move by the Obama administration to stabilize the financial markets. (more…)