Derivatives Regulation

Banks Push For Trading Loophole, Would Allow For More Whale Fails

The Huffington Post | Mark Gongloff | Posted 05.15.2012

Read More: JP Morgan Chase, Dodd-Frank, Derivatives, Derivatives Reform, Derivatives Regulation, JPMorgan Chase, JP Morgan, Video, Wall Street, Jpmorgan, Banks, London Whale, Jp Morgan Chase London Whale, Jpmorgan Chase London Whale, Business News

U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...

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Yet Another Regulatory Retreat

Mark Gongloff | Posted 04.18.2012

Read More: Sec, Dodd-Frank, Derivatives, Cftc, Derivatives Reform, Swaps, Financial Reform, Derivatives Regulation, Regulation, Credit Default Swaps, Wall Street, Swap Dealer, Swap Dealer Regulation, Business News
Mark Gongloff

Corporate America, with help from the Obama administration, has struck yet another blow against the scary financial regulations it claims will hurt th...

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When You Speculate With Financial Derivatives, You Hurt Society

Slate | Eric Posner and Glen Weyl | Posted 04.06.2012

Read More: Derivatives, Speculation, Slate, Financial Derivatives, Derivatives Reform, Derivatives Regulation, Financial Speculation, Credit Default Swaps, Cftc, Financial Regulation, Business News

On Monday, the U.S. Commodity Futures Trading Commission issued an order prohibiting the marketing of a new set of derivatives that would have enabled...

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Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012

Read More: Dodd-Frank Act, Hedging, Derivatives, Financial Reform, Bailouts, Derivatives Reform, Derivatives Regulation, Market Making, Big Banks, Paul Volcker, Volcker Rule, Barack Obama, Wall Street Crisis, Proprietary Trading, Wall Street Bailouts, Wall Street, Banks, Financial Crisis, Derivatives Trading, Financial Regulation, Business News
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

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New EU Crack Down On Derivatives Sparks Concerns

Reuters | Posted 04.11.2012

Read More: European Debt Crisis, Video, European Rules on Derivatives, European Derivatives Regulation, Derivatives, Reuters, Derivatives Regulation, European Union, EU Rules, Europe, Eu, Euro Crisis, Business News

* Derivatives industry sees more uncertainty over EU rules * Lawyers say many months before full picture known * ESMA, E...

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Wall Street Lobbyists Could Severely Weaken Derivative Regulation

The Huffington Post | Alexander Eichler | Posted 01.30.2012

Read More: Dodd-Frank, Lobbying, Derivatives, Lobbyists, Financial Reform, Derivatives Regulation, Bank of America, Wall Street Lobbyists, Volcker Rule, Big Banks, Banking Lobby, Cftc, Goldman Sachs, JPMorgan Chase, Video, Morgan Stanley, Wall Street, Financial Crisis, Financial Lobby, Debit Card Fees, Financial Regulation, Citigroup, Business News

Wall Street lobbyists are trying hard to weaken the extent to which the government can police a practice that played a central role in the 2008 financ...

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Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011

Read More: Treasury Department, Derivatives, Derivatives Reform, Derivatives Regulation, Glencore, Commodities Trading, Marc Rich, Mervyn King, Goldman Sachs, JPMorgan Chase, Bank of England, Wall Street, Hedge Funds, Lehman Brothers, Private Equity Firms, John-Parsons, Financial Crisis, Glencore International Ag, Simon Johnson, Citigroup, Business News

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...

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Ryan Grim

Leahy Presses Obama To Name Key Reformer To Swaps Panel

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Pat Leahy, Dodd-Frank, Senate Judiciary Committee, Patrick Leahy, Commodity Markets Oversight Coaliation, Derivatives, Financial Reform, Senator Patrick Leahy, Derivatives Reform, Derivatives Regulation, Vermont, Commodity Futures Trading Commission, Cftc, Goldman Sachs, Cota & Cota, Sean Cota, New England Fuel Institute, Gary Gensler, Financial Regulation, Senate Agriculture Committee, Politics News

WASHINGTON -- Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation ...

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Derivatives Industry Report Collapses

Simon Johnson | Posted 05.25.2011

Read More: Derivative Regulation, Derivatives, Derivatives Reform, Derivatives Regulation, Derivatives Trading, Simon Johnson, Dodd-Frank Bill, Keybridge Research, Business News
Simon Johnson

The financial industry is making completely baseless claims about derivatives and must resort to hollow chicanery in a deliberate attempt to mislead the public and to fool people on Capitol Hill.

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For First Time Ever, Asian Derivatives Trading Surpasses U.S.

Bloomberg | Jonathan Burgos | Posted 05.25.2011

Read More: Futures Industry Association, Asia Stock Markets, Derivatives, Deriavtives Trading, Derivatives Regulation, Asian Derivatives Market, Asia Trading, Business News

Oct. 15 (Bloomberg) -- The Asia-Pacific has overtaken North America as the world's biggest derivatives market amid increasing demand for futures and ...

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Alan Greenspan -- Stopped Clock of the U.S. Economy

Terrance Heath | Posted 05.25.2011

Read More: Federal Budget Deficit, Derivatives Reform, George W. Bush, Derivatives Regulation, Gop, Derivatives Trading, Federal Reserve, Alan Greenspan, Bush Tax Cuts, Fiscal Policy, Business News
Terrance Heath

A stopped clock is indeed right twice a day, but only for a minute each time. Former Fed chairman Alan Greenspan may be well on his way to being the stopped clock of the American Economy.

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Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over

rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011

Read More: Dodd Bill, Bank Reform, Derivatives, Financial Reform, Maria Cantwell, Over-the-Counter Derivatives, Derivatives Reform, Derivatives Regulation, Financial Regulation, Mike Konczal, Business News

We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...

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Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011

Read More: Capital-Cushions, Obama Financial Overhaul, Executive Pay, Obama Bank Restrictions, Financial Overhaul, Derivatives Reform, Derivatives Regulation, Government Spending, Oversight, Consumer Protection Agency, Federal Reserve, Credit Rating Agencies, Mortgage Loans, $700 Billion Bailout, Slidepollajax, Business News

Congress just passed a sweeping overhaul of America's financial regulatory system. The financial bill cleared the Senate by a vote of 60 to 39, and ...

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FDIC Head Sheila Bair: Let Banks Keep Derivatives

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: FDIC Derivatives, Fdic, Derivatives, Derivatives Reform, Financial Reform, Derivatives Regulation, Derivatives Banks, FDIC Chairman Sheila Bair, Sheila Bair, Sheila Bair Derivatives, Financial Regulation, Business News

WASHINGTON — A top government banking regulator wants Senate Democrats to let banks keep most of their business in complex – and profitabl...

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George Soros: America Must Face Up To The Dangers Of Derivatives

George Soros | George Soros | Posted 05.25.2011

Read More: Financial Reform Bill, Goldman Sachs, SEC Goldman Sachs, Sec, George Soros, Derivatives, Financial Reform, Derivatives Reform, Derivatives Regulation, Business News

The US Security and Exchange Commission's civil suit against Goldman Sachs will be vigorously contested by the defendant. It is interesting to specula...

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Obama: Derivatives

AP | CHARLES BABINGTON | Posted 05.25.2011

Read More: Financial Regulatory Reform, Mitch McConnell, Financial Reform, Derivatives, Derivatives Reform, Derivatives Regulation, Obama, Obama Financial Reform, Obama Derivatives, Barack Obama, Financial Regulation, Business News

WASHINGTON — President Barack Obama said Wednesday that Democrats' efforts to regulate Wall Street will not result in new public bailouts of ban...

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Jason Linkins

Fact-Checking Blanche Lincoln's Claim That She's 'Standing Firm' Against Wall Street (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Video, Lincoln-Derivatives, Derivatives, Campaign Ads, Derivatives Reform, Derivatives Regulation, Blanche Lincoln, Campaign Adwatch, Eat the Press, Politics News

Senator Blanche Lincoln (D-Ark.) is the chair of the Senate Agriculture Committee and a key vote on derivatives reform. She's also taken $1.2 million...

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Senator Blanche Lincoln, The Last Hold Out Against 13 Bankers: Simon Johnson

baselinescenario.com | Simon Johnson | Posted 05.25.2011

Read More: Derivatives Spin-Off, Blanche Lincoln, Derivatives 13 Bankers, Financial Reform, Senate Financial Reform, Derivatives Regulation, Wall Street Reform, Banks, Simon Johnson, Senate Bill, Business News

By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street. When they saved the big bank...

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Larry Summers Defends Record On Derivatives During Clinton Administration

Posted 05.25.2011

Read More: Bill Clinton, Fareed Zakaria GPS, Summers Clinton Derivatives, Derivatives, Derivatives Regulation, Larry Summers, Financial Crisis, Fareed Zakaria, Fareed Zakaria CNN, Lawrence Summers, Politics News

Last month, Bill Clinton told ABC News that his former Treasury Secretaries, Robert Rubin and Larry Summers, gave him wrong advice on derivatives, and...

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Bernanke Sides With Banks, Opposes Plan To Spin Off Swaps Desks

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Blanche Lincoln, Robert Reich, The Financial Fix, Derivatives, Financial Reform, Swaps Trading, Derivatives Regulation, Lincoln Proposal, Chris Dodd, Credit Default Swaps, Ben Bernanke, Sheila Bair, Swaps Desks, Business News

Yesterday, in a letter to Chris Dodd, the chairman of the Senate Banking Committee, Federal Reserve chief Ben Bernanke reiterated his opposition to a ...

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Greek PM George Papandreou Says Speculators Are Burning Down The House

AP | STEVENSON JACOBS | Posted 05.25.2011

Read More: George Papandreou White House, Derivatives, Greece Debt, Derivatives Regulation, Credit Default Swaps, Greece Economy, George Papandreou, Greek Debt Crisis, Business News

NEW YORK — Derivatives have become a dirty word. The complex financial products helped blow up the U.S. housing market. They all but sank AIG. ...

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Shahien Nasiripour

Derivatives Just "A Sophisticated Form Of Gambling," U.S. Senators Say; Propose Bill Allowing State Gambling Laws To Apply

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Ron Wyden, Cftc, Financial Reform, Regulatory Reform, Derivatives, Maria Cantwell, Derivatives Regulation, Preemption, Bernie Sanders, Financial Regulation, Gambling, Financial Crisis, Gary Gensler, Business News

In describing the complex and little-understood world of derivatives trading as "a sophisticated form of gambling," three U.S. Senators proposed legis...

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Derivatives Lobby Hooks Up With New Dems To Water Down Reform Bill

The Huffington Post | Arthur Delaney | Posted 05.25.2011

Read More: Derivatives Regulation, Derivatives Bill, New Democrats Derivatives, Lobbyblog, Derivatives Lobbying, Derivatives, Derivatives Lobbyists, Transparency, Business News

Bloomberg News reports Friday morning that the derivatives lobby has put a bug in the ear of the New Democrat Coalition. JPMorgan Chase, Goldman Sach...

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Red Light Swaps

Cate Long | Posted 05.25.2011

Read More: Derivatives Regulation, Derivatives Bill, Congress, Wall Street Crisis, Derivatives, Congressional Bailout, Derivatives Reform, Foreclosures, Lehman Brothers, Aig, Mortgage Delinquency, Politics News
Cate Long

Recently several Republican representatives, including Scott Garrett, have questioned whether derivatives helped create the financial crisis. Did derivatives cause the financial crisis? You bet.

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Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: The Federal Reserve, Larry Summers, Clinton, Lehman Brothers, Derivatives Regulation, Aig, Obama Administration, Regulation, Obama, Legislation, House, Senate, White House, Economic Policy, Fed, Financial Services Committee, Treasury, Banks, Derivatives, Gary Gensler, Wall Street, Timothy Gueithner, Bill, Business News

Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is ...

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