Financial Regulatory Forum

UK opposes mandatory exchange trading of derivatives

February 2, 2010

By Huw Jones

LONDON, Feb 2 (Reuters) – Banks should not be forced to shift privately-negotiated derivatives transactions onto exchanges, Britain’s Financial Services Minister, Paul Myners, said on Tuesday.

White House adviser Summers: US banks must yield to tighter regulation

By Reuters Staff
October 16, 2009

Lawrence Summers, director of the White House's National Economic Council, departs after an interview at the Newseum in Washington, October 2, 2009. (file photo).   REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) WASHINGTON, Oct 16 (Reuters) – All financial firms have benefited from U.S. taxpayer support and must yield to efforts to tighten regulation to prevent a future crisis, White House economic adviser Lawrence Summers said on Friday.

London Stock Exchange to quit pan-European lobby

By Reuters Staff
September 30, 2009

LSE/CEO LONDON, Sept 30 (Reuters) – The London Stock Exchange is quitting the industry’s main European association as it seeks a free hand to lobby regulators mulling a crackdown on off-exchange trading at banks and dark pools. (more…)

Efforts to ban “naked” CDSs could face limits

By Reuters Staff
July 28, 2009

Swiss Re was hit hard by losses in credit default swapsBy Karen Brettell
NEW YORK, July 28 (Reuters) – Efforts to limit speculation with credit default swaps may be ineffective as the large dealers that account for the vast majority of volumes in the market are likely to be exempt from any ban.