WASHINGTON/NEW YORK (Reuters) – Federal limits on commodity market speculation, the prospect of which has haunted Wall Street’s big banks, pension funds and energy merchants for five years, may have died in the District of Columbia courts on Friday.

Just two weeks before the “position limits” rule was to take effect, U.S. District Judge Robert Wilkins rejected it and sent it back for an overhaul, a move that even some opponents said was surprisingly tough.

WASHINGTON/NEW YORK (Reuters) – Federal limits on commodity market speculation, the prospect of which has haunted Wall Street’s big banks, pension funds and energy merchants for five years, may have died in the District of Columbia courts on Friday.

Just two weeks before the “position limits” rule was to take effect, U.S. District Judge Robert Wilkins rejected it and sent it back for an overhaul, a move that even some opponents said was surprisingly tough.

WASHINGTON, June 14 (Reuters) – Sheila Bair, the former
regulator who helped steer the U.S. financial system through the
recent credit crisis, said JPMorgan Chase & Co’s
multibillion-dollar trading loss needs to be put in perspective.

Bair told Reuters TV on Thursday that regulators need to
accept blame for not catching the trading debacle and said it
shows that some banks are too big to manage.

WASHINGTON (Reuters) – JPMorgan’s surprising $2 billion trading loss begs a post-financial-crisis question: Are America’s biggest banks simply too big to manage?

Washington policymakers have largely focused on whether banks are “too big to fail” or whether they are so huge and interconnected that their failure would threaten the greater financial system as when Lehman Brothers collapsed in 2008.

WASHINGTON, Feb 2 (Reuters) – MF Global’s former
chief risk officer told Congress on Thursday that he tried to
warn the firm’s leadership that it was on an unsustainable path,
but was ousted for his efforts.

Michael Roseman, who was edged out in January 2011 from the
now-bankrupt futures brokerage, said he rang alarm bells
internally about the firm’s exposure to European
sovereign debt a year before the firm collapsed in late October
of 2011.

WASHINGTON (Reuters) – The former chief risk officer at MF Global who raised red flags about the firm’s aggressive trading bets told lawmakers that his warnings contributed to the firm’s decision to let him go in early 2011.

Michael Roseman, who was ousted in January 2011 from the now-bankrupt futures brokerage, said he rang alarm bells about the firm’s exposure to European sovereign debt a year before the firm collapsed in late October of 2011.

Nov 22 (Reuters) – The U.S. Federal Reserve plans to stress
test six large U.S. banks against a hypothetical market shock,
including a deterioration of the European debt crisis, as part
of an annual review of bank health.

The Fed said it will publish next year the results of the
tests for six banks that have large trading operations: Bank of
America , Citigroup , Goldman Sachs ,
JPMorgan Chase , Morgan Stanley and Wells Fargo .

WASHINGTON (Reuters) – Northrop Grumman Corp’s (NOC.N: Quote, Profile, Research, Stock Buzz) chief executive is making a rare request: more regulation from Washington.

Wes Bush said the threat from cyber attacks has become so intense and so wide that it requires a federal solution.

WASHINGTON (Reuters) – Executives from U.S. credit rating agencies are expected to face sharp congressional scrutiny on Wednesday for their companies’ roles in the financial crisis and the U.S. debt ceiling debate.

Deven Sharma, president of McGraw-Hill Cos Inc, unit Standard & Poor’s, and Michael Rowan, global managing director for the commercial group at Moody’s Corp’s Moody’s Investors Service, are due to appear before the House Financial Services subcommittee.

WASHINGTON (Reuters) – Executives from credit rating agencies are expected to face sharp congressional scrutiny on Wednesday for their companies’ roles in the financial crisis and the U.S. debt ceiling debate.

Deven Sharma, president of McGraw-Hill Cos Inc unit Standard & Poor’s, and Michael Rowan, global managing director for the commercial group at Moody’s Corp’s Moody’s Investors Service, are due to appear before the House Financial Services subcommittee.