Financial Regulatory Forum

U.S. CFTC amends ICE Futures Europe pact

cftc2    WASHINGTON, Aug 20 (Reuters) – The U.S. Commodity Futures Trading Commission said on Thursday it revised its agreement with IntercontinentalExchange Inc’s <ICE.N> ICE Futures Europe.
   The announcement follows below.

US to study impact of new off-balance-sheet rules

USA/    By Karey Wutkowski
   WASHINGTON, Aug 19 (Reuters) – U.S. regulators plan to gauge how severe of a hit banks will take from an accounting change that will force them to bring more than $1 trillion of assets back on their books.

UBS tax deal with U.S. seen as soon as Wednesday

UBS/TAX   By Jason Rhodes
   BERNE, Aug 19 (Reuters) – Details of a deal to settle a U.S. tax case against Swiss bank UBS AG could come as soon as Wednesday and could have far-reaching implications for other wealth managers.

SEC review of AIG probed disclosure ‘inconsistencies’

MARKETS-JAPAN-STOCKS    NEW YORK, Aug 17 (Reuters) – The adequacy of AIG’s disclosure on derivatives that drove it to the edge of collapse was questioned by regulators months before the insurer’s federal bailout last September, according to newly released correspondence.

150 U.S. UBS clients may face criminal charges -NYT

UBS/TAX    Aug 14 (Reuters) – 150 American clients of UBS are likely to face criminal charges related to tax evasion in the United States, the New York Times reported, citing a person briefed on the matter.

UBS, U.S. settle tax evasion case

SWITZERLAND/   By Pascal Fletcher and Lisa Jucca
   MIAMI/ZURICH Aug 12 (Reuters) – The days of secret bank accounts are numbered for Americans after UBS <UBSN.VX> <UBS.N> and the U.S. and Swiss governments agreed to settle a dispute over whether the Swiss bank should be forced to disclose the names of 52,000 rich U.S. clients suspected of tax evasion.

Florida tells Hartford Financial to refund excess profit

hartford    NEW YORK, Aug 12 (Reuters) – Florida has decided that Hartford Financial Services Group Inc <HIG.N>, which took $3.4 billion of federal bailout funds, is making too much money.

EXCLUSIVE-Panel probing U.S. financial crisis to meet Sept 17

CALIFORNIA FIRE    By Susan Cornwell
   WASHINGTON, Aug 12 (Reuters) – The newly formed U.S. commission to investigate the causes of last year’s financial meltdown will have its first public meeting in Washington on Sept. 17, the chairman, Phil Angelides, said on Wednesday.

Option exchanges in SEC flash order review

sec1    WASHINGTON DC, Aug 12 (Reuters) – The U.S. Securities and Exchange Commission is including options exchanges in its review of controversial flash orders, which give traders an advance look at trading orders, the regulator said on Wednesday.

UNG Fund won’t issue more shares due to new rules

ung-logo    NEW YORK, Aug 12 (Reuters) – United States Natural Gas Fund LP <UNG.P>, a giant exchange traded fund in the natural gas market, said on Wednesday that despite regulatory approval, it would not resume issuing new shares and may even reduce its holdings due to recently enacted federal and exchange position limits.