Budget | OTC Derivatives Reform News Updates

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As Regulator Scores Record Fine, Support Emerges for Bigger Budget

By Ben Protess
Published June 28 2012 Dealbook/New York Times

A tiny Wall Street regulator had a big money day. On Wednesday, the Commodity Futures Trading Commission fined Barclays $200 million, an expensive rebuke of the bank’s efforts to manipulate a key interest rate.

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Tags: CFTC, Budget, LIBOR

SEC Chairman Pitches Budget Boost to Congress

By Sarah N. Lynch
Published March 6 2012 Reuters

The chairman of the U.S. Securities and Exchange Commission asked Congress for a big budget hike on Tuesday, pledging to use the extra funds to improve outdated technologies and hire more examiners, economists and other market experts.

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Tags: Congress, Dodd-Frank Act, SEC, Budget

Budget Seeks CFTC User Fee, More Funds for Regulators

By Andrew Ackerman
Published February 13 2012 Wall Street Journal

The Obama administration's fiscal 2013 budget renews a user-fee proposal on entities policed by the Commodity Futures Trading Commission as a way to boost the agency's funding as it begins to oversee the $600 trillion over-the-counter derivatives market.

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