Financial Regulatory Forum

SCENARIOS-Three routes to swaps reform in U.S. Congress

March 17, 2010

WASHINGTON, March 16 (Reuters) – The path to government regulation of the $450 trillion market in over-the-counter derivatives must wind through the U.S. Senate Agriculture Committee, which oversees futures markets.

EU’s Barnier pledges to tackle speculators

March 17, 2010

By John O’Donnell

BRUSSELS, March 17 (Reuters) – The European Commission plans to propose controls on certain government debt derivatives as soon as June in an effort to crack down on speculation blamed for aggravating Greece’s borrowing problems.

CFTC’s Gensler says unconvinced about CDS ban

March 16, 2010

    BRUSSELS, March 16 (Reuters) – The derivatives market remains a “dark ocean” that needs more transparency but it was unclear if a ban on credit default swap trading would work in practice, a top U.S. regulator said on Tuesday. (more…)

EU to discuss credit default swap speculation, watchdog frets

March 8, 2010

By Huw Jones and Krista Hughes

LONDON/BASEL, Switzerland, March 8 (Reuters) – European Union finance ministers will discuss next week how to dampen speculation on sovereign credit default swap markets, sources said, as central bankers worry some selling practices pose wider risks.

Meeting on CDS market helps shape EU derivatives law – regulator

March 5, 2010

BRUSSELS, March 5 (Reuters) – The European Union’s executive body said a meeting on Friday with supervisors and investment industry officials has helped shape a planned law on derivatives due later in the year.

ANALYSIS – EU focus on credit default swaps may not yield bans

March 5, 2010

By Huw Jones

LONDON, March 5 (Reuters) – European governments are exploring ways to curb trade in credit default swaps but may have to settle for requiring greater disclosure rather than banning certain forms of speculation.

Germany moves to out Greek debt speculators – source

March 1, 2010

By John O’Donnell and Ilona Wissenbach

BRUSSELS, March 1 (Reuters) – Germany has taken steps to identify speculators in Greek debt to try to prevent them from profiting unduly from any bailout of the ailing euro zone economy, a source with direct knowledge of the matter told Reuters.

BREAKINGVIEWS-Advice to credit-default-swap regulators for 2010

January 4, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

New credit default swaps system to help volumes, liquidity in Asia – trade body

December 21, 2009

By Umesh Desai

HONG KONG, Dec 21 (Reuters) – Credit default swaps in Asia will now follow a standardised trading format designed to facilitate centralised clearing, improve transparency and in the long-run raise transaction volumes, a trade body said on Monday.

CME Group begins clearing credit derivatives

December 15, 2009

By Jonathan Spicer

NEW YORK, Dec 15 (Reuters) – CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.