By Kevin Drawbaugh
Published: June 30 2010 Reuters
The Wall Street reform bill would not impose margin and capital requirements on swap end-users, a spokesman for Representative Barney Frank said on Wednesday, downplaying concerns raised by a senior Republican.
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By David Herszenhorn
Published: June 30 2010 DealBook
The Senate will not be able to complete legislation to overhaul the nation's financial regulatory system this week, the majority leader, Harry Reid of Nevada, said on Wednesday, after Senator Scott Brown, Republican of Massachusetts, announced that he would use the Fourth of July recess to study the bill.
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By Andy Sullivan
Published: June 30 2010 Reuters
Democrats are mounting a final push to send President Barack Obama their landmark overhaul of financial regulations, but the death of a colleague and cold feet among Republican allies could postpone a final victory.
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By Kevin DrawbaughPublished: June 30 2010 Reuters
The financial overhaul bill would not impose margin and capital requirements on swap end-users, senior Democrats said on Wednesday, accusing Wall Street firms of trying to frighten Main Street businesses.
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By Yalman Onaran
Published: June 30 2010 BusinessWeek
Paul Volcker is disappointed with the final version of the rule that bears his name.
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By Cyrus Sanati
Published: June 29 2010 DealBook
Brooksley E. Born, a member of the Financial Crisis Inquiry Commission and a major advocate for overhauling derivatives market regulations, said on Tuesday that she supports the financial rules bill hammered out by Congressional negotiators last week.
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By Ivy Schmerken
Published: June 29 2010 Advanced Trading
Exchanges and clearinghouses are expected to win big from the new derivatives rules in the financial reform bill that passed last week. In a video interview with CNBC yesterday, Jon Najarian, co-founder of Optionmonster.com, said the new rules for derivatives are a game changer for the exchanges and a buying opportunity for investors.
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By Ewa Krukowska
Published: June 29 2010 BusinessWeek
RWE AG, Germany's second-largest utility, said European Union plans for tighter regulation of the over-the-counter derivatives market would boost costs for energy buyers and sellers by "tens of billions" of euros.
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By David Weidner
Published: June 29 2010 MarketWatch
Washington has shuffled the deck Wall Street plays with, hoping to create a new and safer game, but anyone who's gone back to the table after a big loss knows the score.
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By Matthew Leising
Published: June 29 2010 Bloomberg
U.S. lawmakers vowed to fix a technical error in the financial overhaul bill that could exempt more than 90 percent of swaps from new trading mandates if not corrected.
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By Jia Lynn Yang
Published: June 29 2010 The Washington Post
The House and Senate are getting ready to vote on new rules regulating Wall Street after lawmakers spent last week hammering out a final version of the bill. Democratic leaders still hope to deliver the legislation to President Obama's desk by July 4, although the death of Sen. Robert C. Byrd (D-W.Va.) could complicate matters.
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By Damian PalettaPublished: June 29 2010 WSJ
Democrats seem to have gotten the message from Sen. Scott Brown (R., Mass.) that the $18 billion fee in the financial overhaul bill won't fly.
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By Karen BrettellPublished: June 29 2010 Reuters
U.S. companies could face as much as $1 trillion in additional costs as a result of new laws designed to reduce risks in the $450 trillion, privately traded derivatives market, a derivatives trade group said on Tuesday.
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By Victoria McGrane and Corey Boles
Published: June 28 2010 WSJ
Inches from the finish line on the most sweeping overhaul of U.S. financial regulations since the 1930s, the math to passing the final bill in the Senate is getting difficult.
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By Gretchen Morgenson
Published: June 28 2010 DealBook
Our nation's Congressional machinery was humming last week as legislators reconciled the differences between the labyrinthine financial reforms proposed by the Senate and the House and emerged early Friday morning with a voluminous new law in hand. They christened it the Dodd-Frank bill, after the heads of the Senate Banking and House Financial Services Committees who drove the process toward the finish line.
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By Patrick O'Connor and Phil MattinglyPublished: June 28 2010 BusinessWeek
The death of Democratic Senator Robert Byrd of West Virginia may delay the vote on a package of new rules for Wall Street.
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By Cyrus SanatiPublished: June 28 2010 DealBook
The sweeping financial regulatory bill does have some benefits for parts of Wall Street. While the banks will face more restrictions, the exchanges potentially stand to win big as a result of new rules on the trading of certain derivative contracts, gaining possibly billions of dollars in new revenue.
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By Aline van Duyn and Francesco Guerrera
Published: June 27 2010 FT
"Hearings revealed conflicts of interest and fraud in some banking institutions' securities activities. A formidable barrier to the mixing of these activities was then set up."
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By Doug PalmerPublished: June 26 2010 Reuters
President Barack Obama's efforts to win final approval of a historic financial regulatory reform bill looked more complicated on Saturday after a Republican senator threatened to oppose it.
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By Jon HilsenrathPublished: June 26 2010 WSJ The once-in-a-generation rewrite of the rules of finance Congress is on the verge of passing is designed to cut the odds of repeating the recent financial crisis and the devastating recession and taxpayer bailouts that followed.
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By David Ellis Published: June 25 2010 CNNMoneyIt's a brave new world for the derivatives market. Or is it?
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By Matthew LeisingPublished: June 25 2010 BusinessWeekBanks won't have to worry about curbs on owning parts of derivatives clearinghouses or execution services after a plan to limit their stakes was excluded from U.S. legislation.
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By Louise Bowman Published: June 25 2010 EuromoneyCentral clearing and exchange trading of OTC derivatives is a concept so dear to regulators hearts that it has become something of a mantra for them - particularly since the demise of Lehman Brothers and the counterparty risks that were brutally revealed by that event.
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By Tabassum Zakaria and Deborah CharlesPublished: June 25 2010 ReutersPresident Barack Obama on Friday praised lawmakers for agreeing on a historic overhaul of financial regulations that he called the "toughest consumer financial protections" in U.S. history.
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By Jennifer Liberto
Published: June 25 2010 CNNMoneyAfter a grueling 20-hour session, lawmakers early Friday finished melding the House and Senate Wall Street reform bills, bringing Congress closer to passing the most sweeping changes to the financial system since the New Deal.
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By Victoria McGrane Published: June 25 2010 WSJThe sweeping financial overhaul legislation negotiators wrapped up early Friday morning would constitute the biggest overhaul of U.S. financial regulations since the 1930s. The legislation, broadly, is designed to close the regulatory gaps and end the speculative trading practices that contributed to the 2008 financial market crisis.
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By Phil MattinglyPublished: June 25 2010 BloombergU.S. lawmakers reached a compromise on a measure that will force banks to move their swaps-trading desks to subsidiaries, clearing the way for a final agreement on the biggest overhaul of financial regulation since the 1930.
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By Michael R. Crittenden
Published: June 25 2010 Dow Jones NewswiresU.S. lawmakers exited hours of negotiations over derivatives legislation with a proposal that would allow banks to retain some of their lucrative swaps desks, though support for the compromise remains uncertain.
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By Brady DennisPublished: June 25 2010 The Washington PostLawmakers pressed deep into the night Thursday, trying to solidify a series of political deals in an effort to get a bill that would overhaul the nation's financial regulation to President Obama by July 4.
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By Gregory Meyer and Aline van Duyn
Published: June 24 2010 FT
New US financial legislation will turn a regulator established in the 1970s to police American corn and wheat trading into the world's leading derivatives watchdog.
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By Karen Brettell
Published: June 24 2010 ABC News
Last minute proposals to U.S. legislation designed to reduce risks in the $450 trillion derivatives markets may limit competition among firms seeking to centrally clear contracts, a trade association said on Thursday.
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By Jacob Bunge and Sarah N. LynchPublished: June 24 2010 Dow Jones Newswires
U.S. House negotiators working on finalizing the financial overhaul bill are expected to float a proposed change to new derivatives rules that would allow futures exchanges to maintain their hold over trade, according to Republican House aides.
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By Rachelle Younglai and Roberta RamptonPublished: June 24 2010 Reuters
As lawmakers bargained, fretted and sweated through talks to wrap up the U.S. financial reform bill on Thursday, there was a single regulator whose ubiquitous presence was a reminder of one of the toughest issues to resolve.
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By David Cho
Published: June 24 2010 The Washington Post
Democratic leaders pressured Sen. Blanche Lincoln (D-Ark.) Wednesday to scale back a proposal that would force big banks to spin off their derivatives businesses, highlighting a conflict that has the potential to crack Democratic support behind the massive regulatory reform bill as it nears final passage.
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By Yalman Onaran Published: June 23 2010 BusinessWeek
Senate negotiators will probably offer changes today to the financial overhaul bill to soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients.
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By Jeremy GrantPublished: June 23 2010 FT
On Thursday, lawmakers will take the House of Representatives' financial reform bill, put it together with the Senate's version and try and come up with a workable compromise between the two, before sending it to the president's desk to be signed into law.
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Published: June 23 2010 Reuters
The Senate was moving on Wednesday to water down the controversial "Volcker rule" on bank trading and investing as lawmakers raced to complete landmark Wall Street reform legislation within days.
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Published: June 23 2010 NYT
Financial reform enters a crucial phase on Thursday as House and Senate negotiators begin public debate on the regulation of derivatives, the complex instruments at the heart of the financial crisis.
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By Gertrude Tumpel-Gugerell
Published: June 22 2010 FT
Cases such as AIG not being able to pay mounting claims on its derivatives contracts and the default of Lehman Brothers, a major player in over-the-counter (OTC) derivatives markets, have brought to the fore the systemic importance of derivatives for the overall financial system.
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By Quentin Peel
Published: June 22 2010 FT
The German government on Tuesday played down reports of a serious clash with the US over the need for continued economic stimulus spending to revive growth, calling instead for a co-ordinated exit strategy from all members of the Group of 20 large global economies.
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By Brady Dennis and Dina ElBoghdady
Published: June 22 2010 The Washington Post
One evening late last week, as House and Senate negotiators wound down another marathon session hammering out details of a massive financial regulatory overhaul, Sen. Christopher J. Dodd (D-Conn.) uttered what almost everyone else in the room was thinking.
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By Stefania Spezzati and Jennifer Clark
Published: June 21 2010 Dow Jones Newswires
Italian Finance Minister Giulio Tremonti said Monday he believes that the only missing rule within the global financial system is the one on how to take into account of derivatives on company balance sheets.
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By David Whitehouse
Published: June 21 2010 Bloomberg
France plans to raise the question of the regulation of commodity derivatives with G-20 nations, French Finance Minister Christine Lagarde wrote in an article in Les Echos.
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By Jennifer Liberto
Published: June 21 2010 CNN Money
With one week down and one week to go on negotiations melding the two Wall Street reform bills, lawmakers have a lot of tough decisions ahead.
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By Damian Paletta and David Wessel
Published: June 21 2010 WSJ
Caterpillar Inc., Cargill Inc. and the municipal utility of Sacramento, Calif., were largely bystanders in the financial crisis.
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By Jim Kuhnhenn
Published: June 21 2010 AP
It was near the end of a long day and Sen. Christopher Dodd, in his shirt sleeves with 1,900 pages of proposed financial regulations stacked in front of him, had been scanning the hearing room of the House Financial Services Committee.
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By Jeremy GrantPublished: June 19 2010 FT
Banks engaged in trading some of the complex derivatives that were at the heart of the financial crisis were yesterday given almost a year of extra time to adjust to new capital charges that are expected to make it more expensive to use them.
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By Damian Paletta and Victoria McGranePublished: June 19 2010 WSJ
Several hours into another debate on financial regulation, House Democrats and Republicans locked horns Wednesday for the umpteenth time over who was to blame for the near-collapse of Fannie Mae and Freddie Mac.
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By Jeremy Grant and Nikki Tait
Published: June 18 2010 FT
The abolition of the Financial Services Authority casts doubt on the UK's ability to defend the business of trading at a time of wide-ranging regulatory reform in continental Europe, trading experts say.
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By Phil Mattingly
Published: June 17 2010 BusinessWeek
A coalition of U.S. House Democrats asked their colleagues to remove a contentious derivatives rule from the financial-regulation overhaul bill, intensifying the debate over the provision in the days before its final consideration.
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By Victoria McGrane and Damian Paletta
Published: June 17 2010 WSJ
Top Obama administration officials held a closed-door strategy meeting Thursday night with key Democrats to plot the final stages of the year-long effort to rework financial rules.
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By Katy Burne
Published: June 17 2010 Dow Jones Newswires
A group of 21 community and regional U.S. banks has written to Senate Agriculture Committee Chairman Blanche Lincoln (D., Ark.) asking her to exempt them from a provision in the financial legislation that would force big derivatives dealers to spin off their swaps desks.
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By Jeremy Grant
Published: June 17 2010 FT
The abolition of the Financial Services Authority could not come at a worse time for anyone in the UK's market structures industry.
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By Kevin Drawbaugh and Charles Abbott
Published: June 17 2010 Reuters
Democrats were working on Wednesday to bolster a plan that would force big banks to spin off their swap dealing desks, with backers of Senator Blanche Lincoln's controversial proposal aiming to push forward.
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By Matthew LeisingPublished: June 16 2010 BusinessWeekA group of House Democrats wants congressional leaders to change rules on how swaps can be traded and drop a plan to separate derivatives trading from commercial banking as the U.S. overhauls its financial industry.
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By Vivien Lou Chen and Steve MatthewsPublished: June 16 2010 BusinessWeek
Federal Reserve Bank of St. Louis President James Bullard joined two colleagues in support of a proposal by Senator Blanche Lincoln that would force commercial banks to wall off their swaps-trading desks.
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By Huw JonesPublished: June 16 2010 Reuters
Planned rules to shine a light on the $615 trillion off-exchange derivatives market could create loopholes for top users to avoid curbs on risk, a Bank for International Settlements official said on Wednesday. The Group of 20 leading countries have agreed that standardised derivatives contracts should be centrally cleared by the end of 2012. It is part of wider efforts to learn from the financial crisis by improving transparency and making the financial system more stable.
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By Aline van Duyn and Michael Mackenzie Published: June 16 2010 FT
Small banks and brokers have told regulators that big derivatives dealers are blocking their access to clearing of over-the-counter derivatives, limiting the scope for new entrants into the derivatives market.
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By Dan Wilchins and Elinor ComlayPublished: June 16 2010 Reuters
A proposal designed to insulate banks from bad derivatives trades could reshape the way the contracts are traded in the United States, making foreign banks more powerful and helping start-ups win market share.
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By Peter EavisPublished: June 16 2010 WSJMoving a bad piece of cheese around different drawers in the fridge won't make it taste any better.
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By Charles Abbott
Published: June 15 2010 Reuters
The Wall Street reform law being written by House and Senate negotiators will include some splitting off of swaps desks from banks, a key House negotiator told Reuters on Tuesday.
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By Huw Jones
Published: June 15 2010 Reuters
The European Union has not decided whether to force banks to trade derivatives on an exchange to improve transparency and curb risk, a senior official at the EU's executive said on Tuesday.
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By Brady Dennis
Published: June 15 2010 The Washington Post
An effort to force some of the nation's biggest banks to spin off their lucrative derivatives-dealing operations appears to be gaining traction, as members of a House-Senate conference begin finalizing details of far-reaching new financial regulations.
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Published: June 15 2010 NYT
The Securities and Exchange Commission needs to continue to grow to meet demand for more regulation on things like ratings agencies, derivatives, and swaps, Chairman Mary Schapiro said on Monday, Reuters reported.
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By Damian Paletta
Published: June 15 2010 WSJ
A key senator who has championed strict rules on derivative trading for banks has offered a retooled version of her plan that would allow banks to keep derivatives-trading businesses but could force them to raise billions in capital to do so.
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By Karen Brettell Published: June 15 2010 Reuters
Efforts to expand central clearing in the $450 trillion privately traded derivatives markets are being impeded by clearing membership restrictions and rules to exempt some companies from clearing, among other factors, a trade association said on Tuesday.
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By Damian Paletta
Published: June 14 2010 WSJ
Senate Agriculture Committee Chairman Blanche Lincoln (D., Ark.) is floating clarifications to her controversial provision in the financial overhaul bill that focuses on the ability of bank holding companies to act as derivatives dealers.
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By Nikki Tait and Jeremy Grant
Published: June 14 2010 FT
A new pan-European supervisory agency is set to be given a crucial role to decide which over-the-counter derivatives contracts must be cleared centrally, by European Union proposals to regulate the swaps market.
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By Phil Mattingly
Published: June 14 2010 BusinessWeek
Senator Blanche Lincoln is considering compromise language to her derivatives proposal that would phase in over two years a requirement that commercial banks push out their swaps trading desks to subsidiaries.
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Published: June 14 2010 DerivSource
Following publication of the European Commission (EC)'s consultation papers on the regulation of the over-the-counter (OTC) derivatives markets, the International Swaps and Derivatives Association, Inc. (ISDA) today made a statement.
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By Ben Moshinsky
Published: June 14 2010 BusinessWeek
National regulators may be given "emergency powers" to "temporarily prohibit or restrict" naked credit-default swaps trades, under proposals being considered by the European Union in the wake of the Greek debt crisis.
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By Edward WyattPublished: June 14 2010 NYT
Bankers have all but given up on defeating one of the most contentious provisions in the financial regulation bill - one that would effectively bar federally insured banks from trading for their own accounts - and are now focusing on battles like heading off a prohibition on derivatives trading.
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By Kevin Drawbaugh
Published: June 14 2010 Reuters
One of the last major agreements needed to approve historic Wall Street reform -- a compromise on curbing risky bank trading -- was close at hand as U.S. lawmakers moved toward melding three key proposals.
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By Kevin Drawbaugh and Rachelle YounglaiPublished: June 14 2010 Reuters
Banks looked increasingly likely to face some limits on swap trading as a proposal to rein in risky business practices gained traction among U.S. lawmakers negotiating a landmark Wall Street reform bill.
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By Kevin McPartlandPublished: June 13 2010 TabbFORUM
The current execution landscape for OTC derivatives is in for a rude awakening. Index CDS and the most liquid interest rate swaps (2-, 5-, 7- and 10-year) are set to move into a world of high speed messaging and even higher speed analytics. Many have already discussed how an expected execution mandate for OTC derivative products will cut spreads and subsequently dealer profits, but the extent to which the landscape will change has been underestimated.
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By Jim KuhnhennPublished: June 13 2010 AP
From big banks' exotic trades to the plastic in people's wallets, it only take a few of the most contentious issues to upend a careful political equilibrium as lawmakers try to blend House and Senate bills into a single rewrite of banking regulations.
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By Matthew Leising
Published: June 11 2010 BusinessWeek
A Congressional plan to ban proprietary trading by banks may still allow them to take risks with private derivatives in transactions initiated by customers.
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By Damian Paletta
Published: June 11 2010 WSJ
Democratic efforts to swiftly steer a financial-overhaul bill into law stumbled as House and Senate leaders clashed over how best to regulate the $600 trillion derivatives market.
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By Don Curren
Published: June 11 2010 Dow Jones Newswires
U.S. financial reform legislation now being debated in Washington should ensure as many derivatives transactions as possible are routed through proposed clearing houses, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission.
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By Cyrus SanatiPublished: June 11 2010 NYT
As a conference committee works on merging the House and Senate versions of the financial regulatory bill, the prospects remain uncertain for sections that would restrict derivatives trading.
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By Ronald Orol
Published: June 11 2010 MarketWatch
Senators and House legislators on Thursday launched into a weeks-long effort to reconcile differences in two versions of sweeping bank-reform legislation approved in each chamber, with a key member arguing that when the package is completed it will include a tough "Volcker rule," barring big banks from making speculative proprietary derivatives and stock investments for their own accounts.
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By Brian Scheid
Published: June 11 2010 Platts
US Senator Blanche Lincoln, Democrat-Arkansas, vowed Thursday to battle any effort to weaken or remove her contentious derivatives provisions from the sweeping financial reform legislation Democrats are hopeful President Obama can sign by July 4.
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By Edward Krudy
Published: June 11 2010 Reuters
Kansas City Fed President Thomas Hoenig said he supports a proposal to spin off banks' derivatives trading desks advocated by Senator Blanche Lincoln.
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By Sarah Lynch and Fawn JohnsonPublished: June 10 2010 Dow Jones Newswires
U.S. House Republicans and House "New Democrats" plan to push for the adoption of language from the House financial bill which allows more corporations to avoid new regulatory requirements for over-the-counter derivatives trading, House aides say.
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By Jonathan SpicerPublished: June 10 2010 Reuters
There is a good chance that a sweeping U.S. financial reform bill will be passed in a "reasonable form," White House economic adviser Paul Volcker said on Wednesday, adding the bill could provide a basis for international coordination on coherent legislation.
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By Stephen FidlerPublished: June 10 2010 WSJ
How the world has changed. As they made clear in their letter this week urging the European Commission to speed up action to regulate financial markets, Angela Merkel and Nicolas Sarkozy have views about naked credit-default swaps and short-selling of stocks.
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By Kevin Drawbaugh
Published: June 10 2010 Reuters
Banks faced intensified regulatory reform pressures as a special U.S. congressional panel prepared to hold its first public meeting on Thursday, forcing Democratic leaders to balance on a knife's edge
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By Ronald D. OrolPublished: June 9 2010 MarketWatchSenator Blanche Lincoln's primary victory on Tuesday is not likely to provide enough momentum for lawmakers to save a tough derivatives-divestiture provision she introduced within sweeping bank regulation legislation.
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By Charles AbbottPublished: June 9 2010 ReutersSenate Banking Committee Chairman Christopher Dodd said on Wednesday that a proposal to require banks to spin off swaps desks, put forth by Senator Blanche Lincoln, is "a strong provision in the bill."
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By Karen BrettellPublished: June 9 2010 Reuters
U.S. Senator Blanche Lincoln's proposal to require banks to spin off their derivatives units is key to reducing risk in the $450 trillion, privately traded derivatives markets, Nobel Prize winning economist Joseph Stiglitz said on Wednesday.
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By Michael Crittenden and Victoria McGranePublished: June 8 2010 WSJ
U.S. lawmakers finalizing wide-ranging changes to U.S. financial markets will meet in a series of day-long sessions beginning Thursday and running through the end of the month as they try to finish work on the landmark legislation.
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By Jonathan Spicer
Published: June 8 2010 Reuters
Two top securities regulators at an international conference in Montreal on Tuesday snubbed a U.S. proposal that would force banks to spin off swaps trading operations, arguing it could spark a rush to more lax regions that are not interested in following suit.
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By Kevin Drawbaugh
Published: June 8 2010 Reuters
White House economic adviser Paul Volcker firmly opposes exempting banks from his proposal to ban them from hedge funds or private equity funds when they make only small investments, according to a letter obtained by Reuters on Tuesday.
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By Damian PalettaPublished: June 8 2010 WSJ
As top Democrats met Tuesday to plan their end-game on new financial regulations, Sen. Judd Gregg (R., N.H.) warned in an interview that many parts of the bill could have a devastating impact on the economy if they aren't fixed.
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By Damian Paletta
Published: June 8 2010 WSJ
Three men burnished and tarnished by the financial crisis are expected to wield disproportionate influence over Congress's final push to write a new law for financial regulations.
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By Adam Bradbery
Published: June 8 2010 WSJ
The European Commission plans to issue draft rules this week governing the operation of clearing houses and trade data warehouses for over-the-counter derivatives, Patrick Pearson, head of the financial markets infrastructure unit at the Commission, said Tuesday.
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By Phil Mattingly
Published: June 8 2010 Bloomberg
Debate in the U.S. Congress over whether to restrict swaps-trading by commercial banks has taken the spotlight away from other proposed derivatives rules that may soon be approved.
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Published: June 7 2010 Reuters
The role of banks in the $615-trillion over-the-counter derivatives markets is a central point of contention as U.S. lawmakers work to finalize sweeping financial reforms in the wake of the global financial crisis.
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By Kim Dixon and Elinor Comlay
Published: June 7 2010 Reuters
The first glimmers are emerging of a new financial landscape of lower profits and reduced risks, even before the U.S. Congress completes a major overhaul of financial regulation.
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By Charles Abbott and Roberta Rampton
Published: June 7 2010 Reuters
The U.S. House and Senate have each passed legislation to regulate the $615 trillion market in over-the-counter derivatives for the first time.
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Published: June 7 2010 WSJ
Auto dealers, attorneys general and derivatives traders are among those sitting anxiously as Congress enters the final stretch of its financial-regulation revamp. The two bills approved by lawmakers contain numerous differences, and negotiations to hammer out a compromise will begin in earnest this week. All told, they'll represent the biggest change to the U.S.'s system of financial oversight in 80 years.
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By Alison Vekshin
Published: June 7 2010 BusinessWeek
Congressional negotiators meeting to resolve differences over bank-regulation legislation are likely to retain a proprietary-trading ban and higher capital standards while stripping a measure that would bar commercial lenders from running swaps desks, said lawmakers and analysts.
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Published: June 7 2010 Futures Magazine
A new regulatory landscape for the country's derivatives markets could be law by the end of June, according to top legislators.
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By Barney Reynolds
Published: June 7 2010 FT
Trading in "over-the-counter" (OTC), or bilaterally-negotiated, derivatives is key to the businesses of many corporates.
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By Suzanne McGee
Published: June 7 2010 WSJ
While Congress debates possible new rules for derivatives as part of the financial-regulation overhaul, the Securities and Exchange Commission is investigating just how those products are being used in mutual funds and exchange-traded funds.
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By Sewell ChanPublished: June 6 2010 NYT
As Congressional negotiators begin this week to merge two bills overhauling the financial system, the White House wants them to reach an agreement before President Obama leaves for a Group of 20 meeting this month in Toronto.
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By Daniel WagnerPublished: June 6 2010 AP
When House-Senate negotiators start crafting a final financial overhaul bill this week, their decisions will affect how big banks do business - and will likely cut into their profits. Here are a few of the issues:
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By Lianna BrindedPublished: June 4 2010 Risk
European regulators are expected to release details of a new European Market Infrastructure Regulation (EMIR) shortly that will set out who will licence Central Clearing Parties (CCP) and what derivatives instruments will have to go through CCP clearing, according to Futures and Options Association (FOA) chief executive Anthony Belchambers.
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By David Morgan and Rachelle Younglai
Published: June 3 2010 Reuters
The lawmaker heading the push for a final version of a U.S. financial overhaul countered concerns that negotiations would take place behind closed doors and said proposals would be presented and debated publicly.
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Publised: June 3 2010 Futures Magazine
Gary Gensler, the chairman of the Commodity Futures Trading Commission, told conference attendees that the industry is not doing enough to provide regulators information about trades.
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By Jonathan Spicer and Roberta Rampton
Published: June 3 2010 Reuters
A House-Senate panel finalizing financial regulatory reforms this month should implement the Senate version of swaps reporting requirements and the Senate's narrow exemption from clearing rules, the head of the U.S. futures regulator said on Thursday.
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By Sarah N. LynchPublished: June 3 2010 WSJ
Commodity Futures Trading Commission Chairman Gary Gensler voiced support for stricter derivatives provisions in the financial bill passed by the Senate, saying liberal regulatory exemptions like those in the House bill could "come back to haunt us."
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By Huw JonesPublished: June 3 2010 Reuters
Finance ministers from the G20 group of industrial and emerging countries meet in Busan on June 4-5 to review pledges made in 2009 to strengthen regulation and learn lessons from the financial crisis.
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By Jay FitzgeraldPublished: June 2 2010 Boston Business Herald
U.S. Rep. Barney Frank yesterday predicted Massachusetts companies won't be sideswiped by a new financial reform bill that he vowed will be debated and approved via public hearings demanded by reform advocates.
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By John ShawPublished: June 2 2010 Market News International
When Congress returns from its Memorial Day recess next week, the central item on the legislative agenda will be the attempt by the House and Senate to craft a compromise financial regulatory reform bill.
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By Matthew Malone
Published: June 2 2010 CNN Money
When the rest of the world was busy buying second homes with no money down, MIT professor Andrew Lo was busy beating the drum over a coming financial crisis. For a while, he was playing to an empty room, but now his prescience makes him a voice of authority as we deal with the meltdown and its aftermath.
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Published: June 1 2010 Hedgeweek
New derivatives rules in bills now headed into the US Congressional conference committee process, will impact far beyond banks and other derivatives market players, according to a new report from Greenwich Associates.
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By Jeremy GrantPublished: June 1 2010 FT
Spanish efforts to introduce greater transparency to over-the-counter derivatives markets were delayed by two quarters yesterday after the country's main exchange said it would put back the launch of a trade repository project to later this year.
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