Financial Regulatory Forum

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

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.

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INTERVIEW-Head of U.S. financial-crisis probe wants answers, not “circus”

Former California state treasurer Phil Angelides, who heads a U.S. commission looking into the cause of the financial crisis, is seen in a photo taken during an unsuccessful run for California governor in 2006.  By Susan Cornwell
WASHINGTON, Sept 8 (Reuters) – Phil Angelides thinks his commission has a tale to tell, but it’s not the kind of history that should be allowed to repeat itself.The Financial Crisis Inquiry Commission this month will begin probing how the U.S. financial system came perilously close to collapse in the fall of 2008, leading to the worst economic downturn since the Great Depression.

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COLUMN-Commodity trading faces altered landscape: John Kemp

– John Kemp is a Reuters columnist. The views expressed are his own –

By John Kemp
LONDON, Aug 5 (Reuters) – While the U.S. Commodity Futures Trading Commission (CFTC)’s current review of energy markets is likely to result in only modest changes to the formal regulatory framework, centred on tougher position limits and enhanced reporting, the political landscape for commodity trading has changed profoundly.

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U.S. bill would restrict OTC derivatives holdings

USA/ By Charles Abbott and Rachelle Younglai
WASHINGTON, July 30 (Reuters) – U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.

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Two US House chairmen back mandatory OTC clearing in derivatives reform goals

WASHINGTON, July 29 (Reuters) – Over-the-counter derivatives should go through central clearing and trade on regulated exchanges as much as possible, according to a paper prepared for release by the chairmen of the U.S. House of Representatives Financial Services and Agriculture committees. The paper, obtained by Reuters, is to be unveiled Thursday and is intended as a guide for legislation to be written after Congress returns from its August recess.

Major points in the paper are:
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LME, ICE say no plans to detail non-commercial positions

By Pratima Desai
LONDON, July 29 (Reuters) – The London Metal Exchange and Intercontinental Exchange said on Wednesday they had no plans to publish details on speculative positions on their contracts, despite controversy about some recent holdings at LME.

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