Financial Regulatory Forum

U.S. House approves sweeping financial regulation overhaul

By Reuters Staff
December 11, 2009

By Kevin Drawbaugh

WASHINGTON, Dec 11 (Reuters) – The U.S. House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and top Democrats in Congress.

U.S. House poised to back financial rules overhaul

By Reuters Staff
December 11, 2009

By Kevin Drawbaugh

WASHINGTON, Dec 11 (Reuters) – The U.S. House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.

US Rep. Frank seeks changes in derivatives bill

By Reuters Staff
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 SEC, CFTC push for tougher enforcement laws

By Reuters Staff
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.

Thomson restructuring auction puts credit derivatives in spotlight

By Reuters Staff
October 7, 2009

A man walks past a billboard promoting French consumer electronics maker Thomson in Beijing November 4, 2003. By Jane Merriman
LONDON, Oct 7 (Reuters) – The opaque world of credit derivatives is in the spotlight ahead of an auction to settle contracts on a debt restructuring at French electronics company Thomson that could expose flaws in the process.

Some hedge funds eager for Irish “No” on EU treaty – Finance Minister Lenihan

By Reuters Staff
September 28, 2009

Ireland's Finance Minister Brian Lenihan talks to France's Economy Minister Christine Lagarde (R) at the start of a Euro zone finance ministers meeting in Brussels, March 9, 2009.  REUTERS/Francois Lenoir   (BELGIUM BUSINESS POLITICS) DUBLIN, Sept 28 (Reuters) – Hedge funds which bet unsuccessfully that Ireland would default on its sovereign debt want the country to reject the EU’s reform treaty this week to recoup some of their losses, Finance Minister Brian Lenihan said on Monday.

Regulator blocks Royal Bank of Scotland payout of subordinated bonds

By Reuters Staff
September 4, 2009

By Jane Baird and Jane Merriman
LONDON, Sept 4 (Reuters) – Royal Bank of Scotland will not exercise options to redeem more than $1.5 billion of subordinated debt next month after regulators objected to it using state aid to repay the low-ranked bondholders.

Europe’s derivatives sector warns on regulation

By Reuters Staff
September 2, 2009

By Huw Jones
LONDON, Sept 2 (Reuters) – The trading of privately-arranged derivatives contracts must not be forced onto exchanges and there must be no penalty for choosing not to clear trades, Europe’s derivatives industry said on Wednesday.
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ECB calls for more transparency on credit derivatives

By Reuters Staff
August 28, 2009

FRANKFURT, Aug 28 (Reuters) – More disclosure and transparency in credit derivatives is needed to allow better risk management in a market that amounted to over $41 trillion in December 2008, the European Central Bank said on Friday.