Financial Regulatory Forum

Exchanges to Washington: don’t flood us with swaps

By Reuters Staff
April 14, 2010

   By Jonathan Spicer
   NEW YORK, April 13 (Reuters) – Big exchanges and clearinghouses are key planks in the U.S. government’s plan to revamp derivatives markets, but the fierce competitors warned in near-unison on Tuesday that lawmakers should not recklessly force more products through them than is appropriate. (more…)

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

By Reuters Staff
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.

U.S. Treasury nominee: some swaps may stay off exchanges

By Reuters Staff
March 2, 2010

WASHINGTON, March 2 (Reuters) – The nominee for the U.S. Treasury’s top domestic post on Tuesday said he believed certain derivatives contracts, such as dollar swaps, could be exempted from being traded on exchanges under Obama administration proposals to boost market transparency.

EU asks Greece to explain derivatives reports

By Reuters Staff
February 15, 2010

By Luke Baker and David Brunnstrom

BRUSSELS, Feb 15 (Reuters) – The European Union has asked Greece to explain reports that it engaged in derivatives trades with U.S. investment banks that may have allowed it to mask the size of its debt and deficit from EU authorities.

India allows euro, yen, sterling forex futures

By Reuters Staff
January 19, 2010

(Updates with dealer comments, background)

MUMBAI, Jan 19 (Reuters) – India’s central bank on Tuesday allowed the introduction of currency futures in euro, yen and pound sterling, a move dealers said would improve liquidity in the derivatives market.

EU executive to target derivatives speculation

By Reuters Staff
January 13, 2010

(Adds more detail on derivatives legislation)

BRUSSELS, Jan 13 (Reuters) – Speculation in commodity derivatives has been “scandalous” and needs to be regulated carefully, the European Union’s nominee for chief financial watchdog said on Wednesday.

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

By Reuters Staff
January 4, 2010

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

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

By Reuters Staff
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.

US congressional panel backs new rules for hedge funds, short of White House aims

By Reuters Staff
October 28, 2009

By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.
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