Financial Regulatory Forum

U.S. SEC says insider-trading may be a “business model” for some hedge funds

Robert Khuzami, director of Enforcement at the Securities Exchange Commission, speaks at a news conference in Washington, June 19, 2009.    REUTERS/Joshua Roberts    (UNITED STATES CRIME LAW BUSINESS)   By Jonathan Stempel and Rachelle Younglai
NEW YORK, Nov 6 (Reuters) – A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s.

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U.S. SEC hires hedge fund veteran Bookstaber for new market risk unit

 Richard Bookstaber speaks at the Reuters Global Hedge Fund and Private Equity Summit in New York in this photo taken on April 11, 2007. In his book "A Demon of Our Own Design," published in April 2007, Bookstaber made the case that financial innovation actually adds to risk. "Financial risk is also higher because the markets increasingly assume a mathematically precise rationality, as opposed to the way we actually do, or indeed really should behave," he wrote.   FOR FEATURE STORY FINANCIAL/QUANTS   BOSTON, Nov 6 (Reuters) – The Securities and Exchange Commission has hired former hedge fund executive Richard Bookstaber and two other senior officials to work in a newly created unit designed to identify risks in financial markets.

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SEC eyes efficiency, small stocks in fast-trading review

NEW YORK, Nov 4 (Reuters) – The U.S. Securities and Exchange Commission is considering whether the growth of high-frequency trading has made markets more or less efficient for long-term investors, including those trading small- and mid-cap stocks, an SEC official said on Wednesday.

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Obama systemic risk plan blasted in Congress

By Kevin Drawbaugh
WASHINGTON, Oct 29 (Reuters) – The Obama administration’s new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.

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

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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Offshore investment funds included in U.S. Congress registration bill

U.S. Rep. Paul Kanjorski (D-PA), chairman of the House Financial Services Subcommittee on Capital Markets, briefs reporters on the challenges and opportunities of reforming the U.S. financial markets, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.   REUTERS/Mike Theiler   (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – Offshore funds would have to register with U.S. regulators under an amendment added to a bill mandating more oversight of private capital pools under debate on Tuesday in a U.S. congressional committee.

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CFTC’s Gensler wants U.S. swaps bills to have more clearing, exchange requirements

By Jonathan Spicer
CHICAGO, Oct 21 (Reuters) – The U.S. commodities regulator’s chief said he would work with lawmakers to toughen new derivatives rules recently approved by two congressional groups, signaling he wants more products run through exchanges and clearinghouses, and few companies exempted from clearing.
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Singapore prepares to tighten rules for hedge funds – source

Office buildings of housing banks and wealth management funds are pictured in Singapore's financial district March 17, 2009. REUTERS/Vivek Prakash  (SINGAPORE BUSINESS CITYSCAPE) By Kevin Lim
SINGAPORE, Oct 19 (Reuters) – Singapore is preparing to tighten regulations for hedge funds and other alternative fund managers, potentially making it more difficult and expensive for smaller newcomers to set up operations, sources said.

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INTERVIEW – Britain’s FSA seeks to shape regulatory debate

By Huw Jones
BASEL, Switzerland, Oct 8 (Reuters) – The UK’s Financial Services Authority hopes its rapid introduction of tougher liquidity rules for banks will help speed up and shape global rulemaking, its new international director said.

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

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.

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