Financial Regulatory Forum

US CFTC reopens comments on ICE electric contracts

November 16, 2009

WASHINGTON, Nov 16 (Reuters) – The U.S. futures regulator said on Monday it will allow an additional 15-day comment period on whether 11 electricity contracts on the IntercontinentalExchange should be regulated as significant price discovery contracts.

EXCLUSIVE-U.S. regulator sees December plan on position limits

November 11, 2009

By Christopher Doering
WASHINGTON, Nov 10 (Reuters) – The Commodity Futures Trading Commission is moving toward issuing a proposal in early December to rein in excessive speculation in energy markets by setting hard limits on positions investor entities can hold in a contract.

US Rep. Frank seeks changes in derivatives bill

November 4, 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.     WASHINGTON, Nov 4 (Reuters) – The chairman of the U.S. House Financial Services Committee is seeking changes to draft legislation for the $450 trillion privately-traded derivatives markets, with the intent of making it harder for banks to avoid trading the contracts on exchanges.

US’s Frank wants SEC/CFTC to decide on swaps clearing

November 4, 2009

By Kim Dixon and Karen Brettell
WASHINGTON/NEW YORK, Nov 3 (Reuters) – U.S. regulators should be given authority to determine whether a privately traded derivative contract should be cleared through a central clearinghouse, the chairman of the House Financial Services Committee said on Tuesday.

U.S. commodities regulator says not convinced wheat convergence problem is solved

October 30, 2009

By Christopher Doering
WASHINGTON, Oct 29 (Reuters) – The head of the top U.S. futures regulator said on Thursday he doesn’t believe the world’s largest exchange has figured out the root cause behind the lack of convergence in the Chicago wheat market.

CFTC’s Gensler wants U.S. swaps bills to have more clearing, exchange requirements

October 22, 2009

By Jonathan Spicer
CHICAGO, Oct 21 (Reuters) – The U.S. commodities regulator’s chief said he would work with lawmakers to toughen new derivatives rules recently approved by two congressional groups, signaling he wants more products run through exchanges and clearinghouses, and few companies exempted from clearing.

EXCLUSIVE-CFTC has looked into high-frequency trading, wants fair access

October 21, 2009

By Jonathan Spicer
CHICAGO, Oct 21 (Reuters) – The Commodity Futures Trading Commission has looked into the growth of high-frequency trading in U.S. futures markets, Chairman Gary Gensler said in an interview on Wednesday.

U.S. futures regulator: cover more of swaps market in regulation overhaul

October 16, 2009

Gary Gensler, chairman of the Commodity Futures Trading Commission, July 22, 2009. File photo) REUTERS/Yuri Gripas WASHINGTON, Oct 16 (Reuters) – The U.S. futures regulator said on Friday that proposed legislation to reform rules for the over-the-counter derivatives market should cover a larger share of the $450 trillion market.

US SEC, CFTC push for tougher enforcement laws

October 16, 2009

Mary Schapiro, chairman of the Securities and Exchange Commission,  July 22, 2009. (file photo) By Charles Abbott and Rachelle Younglai
WASHINGTON, Oct 16 (Reuters) – U.S. securities and futures regulators asked Congress on Friday for more authority to police their markets, including legislation to help rein in insider trading in the commodity futures markets.

US SEC, CFTC mull joint enforcement squad – sources

October 16, 2009

By Rachelle Younglai
WASHINGTON, Oct 15 (Reuters) – U.S. securities and futures regulators are considering a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with the matter said on Thursday. (more…)