By Jungmin HongPublished: January 29 2010 BloombergSouth Korea's plans to strengthen control over derivatives will damage trading and crimp growth of the market, according to the head of Newedge Group's South Korean unit.
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By Ben MaidenPublished: January 29 2010 DerivativesWeekThe first step to preventing another financial crisis is increasing the transparency of the over-the-counter derivatives markets, according to a report from research and advisory firm Aite Group.
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Published: January 29 2010 ReutersReforming the $450 trillion derivatives market is key to removing the risks of financial markets, and greater central clearing of privately traded derivatives is a vital part of that, the head of the Commodities Futures Trading Commission said on Friday.
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Published: January 28 2010 DerivSourceA new report from Aite Group LLC examines the various key components of financial regulation being considered by U.S. Senate today. It also provides Aite Group's view on the likelihood of each being implemented, and in what ultimate form.
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By Katy BurnePublished: January 28 2010 DerivativesWeekU.S. Senate Banking Committee members Jack Reed (D-R.I.) and Judd Gregg (R-N.H.), who are steering the derivatives working group under Committee Chairman Chris Dodd (D-Conn.), reportedly believe that some end-users should be exempt from mandatory central clearing.
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By Christopher DoeringPublished: January 27 2010 ReutersCongress should require banks and other big players to trade derivatives on regulated exchanges as an "absolutely essential" part of regulatory reform to prevent another market crisis, the chief U.S. futures regulator said on Wednesday.
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By Rob McGlincheyPublished: January 27 2010 DerivativesWeekU.S. House Financial Services Committee Chairman Barney Frank (D-Mass.) this morning trashed industry arguments that over-regulation of the financial markets, including derivatives, could lead to the next financial crisis.
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By Katy BurnePublished: January 27 2010 DerivativesWeekHong Kong regulators may need to amend the country's Securities and Futures Ordinance from 2002 to ensure comprehensive reform of over-the-counter derivatives. But the Securities and Futures Commission is in no hurry.
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By Zeke FauxPublished: January 26 2010 DerivativesWeek A coalition of major players in the over-the-counter derivatives market have agreed to a request from U.S. and international regulators to define what constitutes a standardized OTC contract for each asset class. The definition of standardized, the latest in a series of industry self-regulatory efforts, could help regulators decide which trades should be forced onto a central clearing house.
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By Carol E. CurtisPublished: January 25 2010 Securities Industry NewsWhen the House passed The Wall Street Reform and Consumer Protection Act on December 11, Congress acted for the first time to regulate over-the-counter derivatives, a significant part of the financial markets that played an important role in the financial meltdown - and that still poses a potential risk to the broad economy.
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By Yusuke Miyazawa and Takako TaniguchiPublished: January 22 2010 BloombergJapan's Financial Services Agency may demand that derivatives traders process over-the-counter derivatives transactions through overseas clearinghouses as it seeks to increase transparency and reduce risk in financial markets.
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By Rob McGlincheyPublished: January 21 2010 Derivatives Week Europe is zeroing in on taxing financial transactions, with specific reference to over-the-counter derivatives. The European Parliament's Economic and Monetary Affairs Committee is holding a debate followed by a vote on the matter on Jan.28, to determine in what form they would like the European Commission to press ahead.
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Published: January 20 2010 DerivSourceUsage of OTC Derivatives to manage risk and hedge is increasing according to new figures released by SuperDerivatives (SD), the derivatives benchmark.
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By Tom Doggett, Charles Abbott, and Christopher DoeringPublished: January 20 2010 ReutersThe U.S. Senate has a lot on its agenda before acting on legislation to put unregulated over-the-counter derivatives under Commodity Futures Trading Commission oversight, said the head of the Senate Banking Committee on Wednesday.
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By Michael MackenziePublished: January 20 2010 FTMomentum to create greater transparency in the vat over-the-counter interest rate swap market gathered pace on Wednesday as TriOptima said its trade reporting repository had gone live, providing regulators with information in 15 major countries.
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By Alison Vekshin and Robert SchmidtPublished: January 15 2010 BloombergSenate Banking Committee Chairman Christopher Dodd has indicated he may consider dropping the Consumer Financial Protection Agency from the financial regulatory overhaul bill he is drafting with members of his panel, according to people familiar with negotiations.
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By Aline Van Duyn and Jeremy GrantPublished: January 15 2010 FT In the months that followed the near-implosion of financial markets, regulators scrambled to figure out how to rein in the vast over-the-counter (OTC) derivatives markets that were seen as central to the crisis.
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By Aline van DuynPublished: January 13 2010 FTWith uncertainty looming around the shape of new legislation aimed at curbing risks in over-the-counter derivatives markets, regulators will on Thursday press derivatives dealers to route an ever-growing proportion of trades through central clearing houses.
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By Huw Jones Published: January 13 2010 Reuters Speculation in commodity derivatives has been "scandalous" and needs to be regulated carefully, the European Union's nominee for chief financial watchdog said on Friday.
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By Adam BradberyPublished: January 13 2010 WSJEuropean derivatives exchanges, clearing houses and dealers have set up a lobby group to represent their interests at a time when European policy-makers are drawing up rules set to change the face of trading in this market.
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By Luke JeffsPublished: January 12 2010 Financial NewsThe world's largest futures dealers will face new competition from "smaller, more nimble, tech-savvy" firms if the US Treasury succeeds in passing through the US Senate a far-reaching bill to reform over-the-counter markets, according to a new study.
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By Matthew Leising and Shannon D. HarringtonPublished: January 7 2010 BloombergGoldman Sachs Group Inc., JPMorgan Chase & Co. and other banks in the $605 trillion over-the-counter derivatives market should make swap prices more transparent, according to the Federal Reserve Bank of New York.
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By Jeremy GrantPublished: January 5 2010 Financial TimesMore than 160 of Europe's largest companies have swung behind efforts to persuade regulators to exempt corporate users of over-the-counter derivatives from tough new regulations.
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By Jeremy Grant, Tom Braithwaite, and Aline van DuynPublished: January 5 2010 Financial Times As US lawmakers and European bureaucrats return to work after the holidays, one of their top priorities will be to finalise new rules to deal with the derivatives instruments that proved so destabilising during the financial crisis.
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By Zeke FauxPublished: January 4 2010 Derivatives WeekU.S. Senate Banking Committee Chairman Chris Dodd (D-Conn.) has scrapped the financial reform package he introduced Nov. 10 and assigned committee members Judd Gregg (R-N.H.) and Jack Reed(D-R.I.) to write new legislative language targeting over-the-counter derivatives.
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