Financial Regulatory Forum

U.S. bank “super-cop” idea gains support in Senate

By Reuters Staff
September 9, 2009

By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – Decreasing the number of U.S. agencies that police banks is an idea gaining momentum in Congress, even though bolder efforts to rip up the overall financial regulatory system and start fresh have stalled.

Exchanges differ on harmonization of U.S. regulators

By Reuters Staff
September 2, 2009

Gary Gensler (R), chairman of the Commodity Futures Trading Commission, and Mary Schapiro, chairman of the Securities and Exchange Commission, testify before the House Financial services committee during a hearing on   the Obama Administration's financial regulatory reform proposals  on Capitol Hill in Washington July 22, 2009. REUTERS/Yuri Gripas (UNITED STATES POLITICS BUSINESS) By Christopher Doering and Rachelle Younglai
WASHINGTON, Sept 2 (Reuters) – Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world’s largest – the Chicago Mercantile Exchange – arguing against a one-size-fits-all rule.
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ANALYSIS-CFTC’s expanded trader reports to add transparency

By Reuters Staff
August 19, 2009

Traders work in the crude oil futures trading pit at the New York Mercantile Exchange, February 12, 2009.   By Tom Doggett and Ayesha Rascoe
WASHINGTON, Aug 19, (Reuters) – The plan by U.S. commodity regulators to provide more information on the traders doing business on futures exchanges will shine more light into the opaque markets, but will still give the often-criticized speculative investor a measure of cover. (more…)

U.S. CFTC ends relief on ag position limits for 2 firms, vows consistent enforcement

By Reuters Staff
August 19, 2009

USA/

WASHINGTON, Aug 19 (Reuters) – The U.S. Commodity Futures Trading Commission said on Wednesday it was withdrawing no-action letters that provided relief to two firms from federal agricultural speculative positions limits for soybeans, corn and wheat futures contracts.

U.S. CFTC seeks to increase regulation of carbon trading

August 17, 2009

Tom Doggett

WASHINGTON, Aug 17 (Reuters) – The U.S. Commodity Futures Trading Commission proposed on Monday¬† increasing federal oversight of the Chicago Climate Exchange’s carbon spot contract. (more…)

UK regulator opposes tight commodity market limits – sources

By Reuters Staff
August 6, 2009

By Christopher Johnson and David Sheppard
LONDON, Aug 6 (Reuters) – The UK’s financial watchdog looks likely to resist moves towards tighter regulation on commodity markets if a meeting it held with oil industry representatives is any guide, industry sources said on Thursday.

UK, oil groups to meet on U.S. regulation pressure

By Reuters Staff
August 4, 2009

Fuel tanker in Britain (file) By Christopher Johnson
LONDON, Aug 4 (Reuters) – Britain’s financial watchdog and the UK Treasury will meet oil industry representatives on Wednesday in response to U.S. pressure for more regulation of commodities markets. (more…)

U.S. House ‘concept paper’ has mandatory OTC derivatives clearing

By Reuters Staff
July 29, 2009

WASHINGTON, July 29 (Reuters) – The leaders of the two U.S. House committees overseeing U.S. securities and futures markets agree that over-the-counter derivatives should move onto regulated exchanges and go through clearing in most cases, according to a “concept paper” that will guide bill-drafting.

U.S. CFTC supports some limit exemptions – Gensler

By Reuters Staff
July 29, 2009

CFTC Chairman Gary Gensler (file photo)By Ayesha Rascoe and Christopher Doering
WASHINGTON, July 29 (Reuters) – Commodity Futures Trading Commission Chairman Gary Gensler said Wednesday he supports exemptions from tough new investor limits for bona fide hedgers but he is concerned about allowances for those managing financial risk.