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Derivatives Regulation

Banks Could Still Blow Up The World

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

Big banks are perfectly safe these days, unless you count all those weapons of mass financial destruction they've got lying around. And who's counting...

The Armageddon Looting Machine: The Looming Mass Destruction From Derivatives

Ellen Brown | Posted 11.18.2013 | Business
Ellen Brown

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system.

Former Wall Street Exec Introduces Bill To Roll Back Key Element Of Wall Street Reform

The Huffington Post | Chelsea Kiene | Posted 03.08.2013 | Politics

Rep. Jim Himes (D-Conn.), a former Wall Street executive, is joining Rep. Randy Hultgren (R-Ill.) to introduce legislation that would undercut one of ...

Eleazar David Melendez

Market Regulator Considers Watering Down Rules Meant To Prevent Another Collapse | Eleazar David Melendez | Posted 03.01.2013 | Business

The federal regulator overseeing trading in derivatives -- an opaque realm worth hundreds of trillions of dollars at the center of the global financia...

U.S. Moves Forward On Tough New Banking Rules

Reuters | Posted 09.07.2012 | Business

By Alexandra Alper WASHINGTON, July 8 (Reuters) - The U.S. swaps regulator is set to finalize this week a critical reform that will tr...

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

The Huffington Post | Mark Gongloff | Posted 05.15.2012 | Business

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...

Yet Another Regulatory Retreat

Mark Gongloff | Posted 06.18.2012 | Business
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...

When You Speculate With Financial Derivatives, You Hurt Society

Slate | Eric Posner and Glen Weyl | Posted 04.06.2012 | Business

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...

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
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.

New EU Crack Down On Derivatives Sparks Concerns

Reuters | Posted 04.11.2012 | Business

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

Wall Street Lobbyists Could Severely Weaken Derivative Regulation

The Huffington Post | Alexander Eichler | Posted 01.30.2012 | Business

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...

Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011 | Business

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...

Ryan Grim

Leahy Presses Obama To Name Key Reformer To Swaps Panel | Ryan Grim | Posted 05.25.2011 | Politics

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

Derivatives Industry Report Collapses

Simon Johnson | Posted 05.25.2011 | Business
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.

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

Bloomberg | Jonathan Burgos | Posted 05.25.2011 | Business

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

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

Terrance Heath | Posted 05.25.2011 | Business
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.

Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over | Mike Konczal | Posted 05.25.2011 | Business

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

Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011 | Business

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 ...

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

George Soros | George Soros | Posted 05.25.2011 | Business

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

Jason Linkins

Fact-Checking Blanche Lincoln's Claim That She's 'Standing Firm' Against Wall Street (VIDEO) | Jason Linkins | Posted 05.25.2011 | Politics

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...

Senator Blanche Lincoln, The Last Hold Out Against 13 Bankers: Simon Johnson | Simon Johnson | Posted 05.25.2011 | Business

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...

Larry Summers Defends Record On Derivatives During Clinton Administration

Posted 05.25.2011 | Politics

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

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

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

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

Red Light Swaps

Cate Long | Posted 05.25.2011 | Politics
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.

Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

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