By Jeremy GrantPublished: March 31 2010 FTClearing houses cannot be supervised by European Union authorities because the EU does not have the financial resources to bail out a large clearing house that runs into difficulties, a report by the upper house of the British parliament said on Wednesday.
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By Cyrus SanatiPublished: March 31 2010 NYT Dealbook
Senator Sherrod Brown, Democrat of Ohio, is seeking to restrict the Wall Street banks' ownership of clearinghouses for over-the-counter derivatives. Under his proposed amendment to the financial overhaul bill, the large broker-dealers could be mostly shut out of this potentially lucrative business, raising concerns as to where liquidity would come from to clear the huge inflow of O.T.C. trades expected to hit the open market in the near future.
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By Huw JonesPublished: March 31 2010 ReutersBritish lawmakers have backed preliminary European Union plans to crack down on derivatives markets but warned that supervision of clearing houses must remain under national control.
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By Peter Barnes
Published: March 31 2010 FOX Business Ratcheting up the rhetoric over financial regulation reform, the chairman of Senate Banking Committee said Wednesday that reform's Republican critics are "on the side of Wall Street" and are trying to kill the legislation.
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By Emma Ann HughesPublished: March 31 2010 FT Adviser The derivatives market, which had a global net value of around $25,000bn (£16,497bn) in 2009, has the potential to destabilize the financial system in the European Union, a House of Lords committee has warned.
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By Matt Spetalnick Published: March 30 2010 ReutersProgress has been made toward stabilizing the global financial system but G20 countries must recommit to deliver on reforms that led to the crisis, G20 steering group leaders said in a letter on Tuesday.
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By Crispian BalmerPublished: March 30 2010 ReutersAn international drive to impose new regulations in the wake of the financial crisis is fading and global cooperation is diminishing, the managing director of the International Monetary Fund said on Tuesday.
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By Steve Holland and Alister BullPublished: March 30 2010 ReutersPresident Barack Obama wants legislation in place overhauling financial regulations by the September anniversary of the 2008 Wall Street collapse, White House spokesman Robert Gibbs said on Tuesday.
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By Damian PalettaPublished: March 30 2010 WSJRepublican Sen. Bob Corker said Tuesday he "absolutely cannot support" a bill written by Senate Democrats to overhaul financial regulations unless changes are made, clouding the outlook for a bipartisan measure.
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By Joel ClarkPublished: March 29 2010 Risk MagazineThe European Commission (EC) has been granted observer status on the steering committee of an influential working group reviewing standards for financial market infrastructures, including central counterparties (CCPs) for over-the-counter derivatives.
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By Jennifer HughesPublished: March 29 2010 FT
One banker fell off his chair. Another claimed to have been temporarily struck dumb. The cause? News last autumn that Barney Frank, chair of the US House financial services committee, had decided to back central clearing of currency derivatives.
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By Bob WillisPublished: March 29 2010 Bloomberg
Republican U.S. Senator Lindsey Graham said he is confident his party and Democrats can pass a financial regulation measure even after the fight over health- care legislation.
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By Kevin DrawbaughPublished: March 26 2010 Reuters
U.S. Senate Banking Committee Chairman Christopher Dodd said on Friday that Congress "must not fail" to reform financial regulation and defended a bill approved on Monday by his committee.
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By Ivy SchmerkenPublished: March 25 2010 Wall Street & Technology
In the war to rid the financial markets of the sort of unchecked risk that brought the global economy to its knees, regulators have taken aim at over-the-counter derivatives. But while lawmakers in the U.S. Senate debate key provisions of financial reform that will impact OTC derivatives regulation, major dealers and buy-side participants are proceeding with substantial technology changes in preparation for central clearing requirements.
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By John O'DonnellPublished: March 26 2010 Reuters
European leaders called on Friday for faster regulation of bankers, their pay and the way they do business at a meeting that agreed how the EU will help Greece, sucked into a global crisis many blame on financiers.
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By Rachelle YounglaiPublished: March 26, 2010 Reuters
A top U.S. securities regulator lamented weak broker rules being contemplated by the U.S. Congress and said brokers who provide financial advice should be required to act in their client's best interest.
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By Kristina CookePublished: March 26, 2010 ReutersThe United States must ensure that the many efforts under way to make its financial system more robust are aimed at achieving common goals, a senior Federal Reserve official said on Friday.
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By Daniel CollinsPublished: March 26 2010 Futures Magazine
Commodity Futures Trading Commission Chairman Gary Gensler reiterated his goal of moving over-the-counter derivatives to central clearinghouses while speaking before an audience of futures professionals at the Futures Industry Association's annual conference in Boca Raton, Fla. At the same conference, Martha Tirinnanzi, chairperson of the clearinghouse working group of the Federal Housing Finance Agency (FHFA), said she will not wait for new rules to mandate clearing before moving the FHFA's book of OTC interest rates swaps into a clearinghouse.
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By Karen BrettellPublished: March 25 2010, ReutersU.S. senators are at an impasse on details of how to reform the $450 trillion privately traded derivatives market, and the final bill may determine how much market share, and profits, large dealers can retain in the lucrative markets.
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By Kevin DrawbaughPublished: March 25 2010, ReutersProspects for U.S. Senate passage of financial reform have been boosted by a shift in mood in Congress following a Democratic victory on healthcare, Senator Christopher Dodd said on Thursday.
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By Aline van DuynPublished: March 25 2010 FTRegulators are to unveil tough rules in the coming weeks that will require trading information in over-the-counter derivatives - including the identity of investors - to be easily passed on to global financial watchdogs.
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By Fawn JohnsonPublished: March 25 2010 WSJ
The White House and Congressional Democrats are intensifying their push to overhaul financial regulation, buoyed by the enactment of health-care legislation and an acknowledgment by some top Republicans that the initiative is likely to pass.
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By Corey Boles and Fawn JohnsonPublished: March 25 2010 WSJSenate Banking Committee Chairman Christopher Dodd is working with Republicans to craft a financial-overhaul measure that can pass the Senate with the needed 60 votes.
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By Edward WyattPublished: March 25. 2010 NYTThe Securities and Exchange Commission announced Thursday that is was reviewing the use of swaps and other derivatives by mutual funds, exchange-traded funds and other investment products that are often marketed to individual investors.
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By Kevin DrawbaughPublished: March 24 2010 Reuters
The financial regulation debate has a long way to go in the U.S. Congress, with the action shifting to the full Senate and big headlines unlikely until April.
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Published: March 24 2010 Structured Credit Investor
Senate banking chairman Chris Dodd released a second draft bill for financial regulatory reform last week. While substantially similar to the original draft, two features have implications for the securitisation market: the risk retention threshold for ABS originators has been reduced from 10% to 5%; and it specifically contemplates exemptions from (or reductions to) the risk retention requirements if certain underwriting standards are met.
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By Rachelle YounglaiPublished: March 24 2010 Reuters
Republican senators involved with crafting financial reforms said on Wednesday that they expected the Senate to pass a bill to revamp how the country's financial system is regulated.
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By Tom BraithwaitePublished: March 24 2010 FT
Republicans on the Senate banking committee believe financial regulation reform has a "100 per cent chance" of passing this year, in the most positive sign yet for a bipartisan bill.
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By Albert BozzoPublished: March 24 2010 CNBCWhile Democratic Senate Banking Committee Chairman Chris Dodd tries to work out a compromise agreement with ranking GOP panel member Richard Shelby on sweeping financial reform legislation, the White House is revving up its lobbying efforts to help Dodd win necessary support in the full Senate, according to Washington sources.
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By Charles AbbottPublished: March 24 2010 ReutersThe path to government regulation of the $450 trillion market in over-the-counter derivatives must wind through the U.S. Senate Agriculture Committee, which oversees futures markets.
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By Aline van Duyn and Michael MackenziePublished: March 24 2010 FT The future shape of the derivatives markets, one of the big sources of revenue and profits for Wall Street banks, is still incredibly hard to map out.
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By Jeremy GrantPublished: March 24 2010 FT While the shift of over-the-counter (OTC) derivatives on to clearing houses may seem like a great business opportunity, it is one that is likely to benefit the incumbents.
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By Karen BrettellPublished: March 23 2010 ReutersThe Depository Trust & Clearing Corp said on Tuesday that it plans to give regulators direct access to credit default swap information held in its warehouse, including data specific to a trade counterparty's positions.
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By Huw JonesPublished: March 23 2010 Reuters Central bankers proposed tougher safety features on securities financing and derivatives trading on Tuesday to cut the chances of another crippling credit crunch.
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By Alison VekshinPublished: March 23 2010 BusinessWeekThe Senate's banking panel approved Senator Christopher Dodd's financial-rules overhaul, advancing the Obama administration's call for the biggest restructuring of Wall Street oversight since the 1930's.
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By Tom BraithewaitePublished: March 23 2010 FTTim Geithner, US Treasury secretary, warned lawmakers yesterday that "America will lose this opportunity to set the global agenda" on financial regulation if Congress fails to complete passage of legislation to reform oversight of the financial system.
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By Paul Singer, Founder and CEO of Elliott Management Corp.Published: March 23 2010 WSJ Last week, Senate Banking Chairman Chris Dodd released a bill that proposes sweeping changes to the U.S. financial regulatory framework.
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By David LeonhardtPublished: March 22 2010 The New York Times MagazineA public good is something that the free market tends not to provide on its own, to the detriment of society. Pollution laws and police departments are classic examples. In the case of finance - and of the crisis of the past two years - this missing good has been strong regulation. A weak system of regulation allowed Wall Street firms to take on enormous debt. Those debts let the firms make more and riskier investments than they otherwise could have, lifting their profits. But when the value of the investments began falling, the firms had little margin for error. They were like home buyers who made a tiny down payment and soon found themselves underwater.
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By Gary GenslerPublished: March 22, 2010 Securities Industry NewsAs most of us learned as school children, in 1871, what started as a small fire quickly spread through Chicago to destroy much of the city.
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By Jacqueline DohertyPublished: March 22 2010 Barron'sIt's hard to hide an elephant, but when it comes to the over-the-counter derivatives market, Wall Street has done it for years.
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By Kevin DrawbaughPublished: March 22 2010 ReutersA wide assault on a plan by Democrats to overhaul U.S. financial regulation is planned by Republicans for Monday as a Senate Panel begins drafting a much disputed bill, documents obtained by Reuters show.
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By Jim McTaguePublished: March 22 2010 Barron'sIf the mob is so angry with you that a trip to the gallows appears inevitable, then the best you can hope for is a say in the construction of the fatal contraption. That's about what the financial-services industry is angling for as Congress fashions a regulatory noose for its neck.
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By Kevin Drawbaugh and Rachelle YounglaiPublished: March 22 2010 ReutersThe U.S. Senate Banking Committee will begin hammering out new rules for the financial system on Monday, two years after Bear Stearns' collapse ushered in the worst financial crisis in decades.
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By Nikki TaitPublished: March 19 2010 FTJean-Claude Trichet, president of the European Central Bank, on Friday threw his support behind tougher regulation and oversight of the huge credit default swap market.
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By Abigail Moses and Shelley SmthPublished: March 19 2010 BusinessWeek Limits on trading credit-default swaps linked to government debt being pursued in Europe may push trading of the contracts to Asia, according to the International Swaps and Derivatives Association.
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By Joel ClarkPublished: March 18 2010 Risk MagazineUS Commodity Futures Trading Commission Chairman Gary Gensler has given short shrift to dealers' complaints that mandated post-trade transparency could damage liquidity in the market.
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By Nikki TaitPublished: March 18 2010 FTBrussels is to propose steps to tackle speculative trading, notably in relation to credit default swaps on sovereign debt - the financial instrument of choice for those who take bets against European governments, most recently in Greece.
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By Natasha BreretonPublished: March 18 2010 WSJCommodity Futures Trading Commission Chairman Gary Gensler said Thursday the US is determined to press ahead with reform to the over-the-counter derivatives market.
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By Jeff MasonPublished: March 17 2010 ReutersThe White House lashed out at a major U.S. business lobbying organization on Wednesday for spending millions of dollars to fight legislation that would overhaul regulation of Wall Street firms.
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By Charles AbbottPublished: March 17 2010 ReutersThe path to government regulation of the $450 trillion market in over-the-counter derivatives must wind through the U.S. Senate Agriculture Committee, which oversees futures markets.
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By Ben Moshinsky and Joseph HeavenPublished: March 17 2010 BusinessWeekFinancial Stability Board Chairman Mario Draghi said the global regulatory body plans to designate which over-the-counter derivatives should be standardized for central clearing "in the coming weeks."
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By Kevin Drawbaugh and Karey WutkowskiPublished: March 16 2010 Reuters The new financial reform bill introduced in the Senate will likely be approved at the committee level next week, but its shape could change substantially once it comes before the full Senate and winning Republican support comes into play, analysts said on Tuesday.
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By Leslie PattonPublished: March 16 2010 Forbes Europe's threat to ban the sort of financial derivatives trading that some blame for worsening Greece's debt crisis wouldn't work, a senior U.S. official told EU lawmakers Thursday.
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By Nikki TaitPublished: March 16 2010 FTGary Gensler, head of the US agency that regulates a large part of the derivatives market, told the European Parliament on Tuesday he did not believe that a ban on "naked" short selling of credit default swaps would be effective.
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By Matthew LeisingPublished: March 16 2010 BusinessWeekDerivatives legislation expected from U.S. Senators Jack Reed and Judd Gregg will be "stricter" than he plan released yesterday by Banking Committee Chairman Christopher Dodd, according to Morgan Stanley.
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By Phil Mattingly and Alison VekshinPublished: March 16 2010 BusinessWeek Senate Banking Committee Chairman Christopher Dodd's plan for the biggest Wall Street regulatory overhaul since the 1930s drops provisions he sought in November and dilutes others as he seeks bipartisan support.
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By David MorganPublished: March 16 2010 ReutersU.S. Senate Banking Committee Chairman Christopher Dodd said on Tuesday that Congress should not adjourn for its two-week Easter recess on March 26 without addressing financial reform.
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By Peter MadiganPublished: March 16 2010 Risk MagazineMany more end-users of derivatives would be forced to clear over-the-counter trades with a central counterparty under language contained in the US Senate Banking Committee's latest version of its regulatory reform legislation.
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By Stephanie BodoniPublished: March 16 2010 Bloomberg U.S. and European Union regulators said they are cooperating in efforts to protect investors against the risks of over-the-counter derivatives including credit-default swaps.
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Published: March 16 2010 The EconomistThe process has not been pretty, but Barack Obama is drawing closer to getting the overhaul of the financial system that he has been seeking.
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By Alison VeshkinPublished: March 15 2010 BloombergSenate Banking Committee Chairman Christopher Dodd unveiled a plan to overhaul financial rules and empower the Federal Reserve to break up large firms that pose a "grave threat" to U.S. economic stability.
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By Antonia OpritaPublished: March 15 2010 CNBCCongress should allow regulators to do their jobs in supervising banks and it must regulate over-the-counter derivatives to prevent a repeat of the financial crisis, Dick Bove, financial strategist at Rochdale Securities, told CNBC Monday.
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By Matthew Leising and Shannon D. HarringtonPublished: March 15 2010 BloombergMF Global Holdings Ltd., Hexagon Securities LLC and at least 19 other financial firms are pressing regulators to force swaps clearinghouses to lower entry barriers in order to improve competition in a $605 trillion derivatives market dominated by the world's biggest banks.
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By Tony JacksonPublished: March 15 2010 FTThe debate on the regulation of derivatives is reaching fever pitch, and the clash of interests is deafening. One small part of the market is in danger of being drowned out: those non-financial companies that use derivatives to reduce operational risk.
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By Damian PalettaPublished: March 15 2010 WSJThe political battle over rewriting the rules of Wall Street will intensify Monday afternoon when Senate Banking Committee Chairman Christopher Dodd is expected to introduce legislation tougher on financial companies than was expected just a few weeks ago.
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By Kevin DrawbaughPublished: March 15 2010 ReutersThe Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill to be unveiled on Mondday by the U.S. Senate's architect of financial reform.
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By Barrett SheridanPublished: March 15 2010 NewsweekGreek Prime Minister Georg Papandreou claims to have discovered the culprit behind his country's economic misery, and last week he laid out the indictment.
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By Jeremy GrantPublished: March 14 2010 FTLooking out cross his audience of Wall Street bankers, exchange and clearing house executives at a conference last week, Gary Gensler, the top US futures regulator, asked whether anyone disagreed with the need to reform the vast over-the-counter derivatives markets, which have been blamed by many for exacerbating the financial crisis.
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By Kevin DrawbaughPublished: March 11 2010 ReutersThe debate over financial regulation overhaul has a long way to go in the U.S. Congress, with the action now centered in a Senate committee, where analysts, aides and lawmakers see several possible scenarios ahead.
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By Matthew LeisingPublished: March 11 2010 BusinessWeekClearinghouses for swaps transactions should be open to any firm that wants to process trades in the $300 trillion U.S. market, according to Commodity Futures Trading Commission Chairman Gary Gensler.
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By Liz MoyerPublished: March 11 2010 ForbesOversight of risky derivatives won't bring transparency to trades or prevent the next financial meltdown.
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By Gabriele ParussiniPublished: March 11 2010 WSJGermany and France Thursday launched a proposal that European trading in credit default swaps be conducted on transparent exchanges and subjected to minimum holding periods.
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By Karey Wutkowski and Rachel YounglaiPublished: March 11 2010 ReutersSenator Christopher Dodd said on Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down.
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By Sarah N. LynchPublished: March 11 2010 WSJ Commodity Futures Trading Commission Gary Gensler took another swipe at Wall Street, saying financial firms' objections to over-the-counter derivatives regulations could leave a large portion of the market in the dark.
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By Rachelle YounglaiPublished: March 11 2010 ReutersThe top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 208's market meltdown and more recently the Greek debt crisis.
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By Aline van DuynPublished: March 11 2010 FTFirst used more than 100 years ago, stock ticker tapes remain a common feature of the markets, even though the telegraph machines on which they originated have become obsolete.
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By Jeremy GrantPublished: March 11 2010 FTWall Street is "allergic" to proposed reforms to the vast over-the-counter (OTC) derivatives markets but regulators will continue to insist that use of such complex financial instruments be made more transparent to avoid another financial crisis, Gary Gensler, chairman of the US futures regulator, said on Thursday.
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By Rachelle YounglaiPublished: March 10 2010 ReutersAn influential Republican in U.S. Senate talks on financial regulatory reform said on Wednesday there are no special exemptions for particular institutions in a proposed new government financial watchdog agency.
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By Aline van DuynPublished: March 10 2010 FTA leading US financial regulator on Tuesday called for the prices of derivatives trades to be disclosed in the same way as stock prices, saying only large Wall Street banks benefited from the current lack of transparency.
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Published: March 10 2010 NYTDerivatives have become a dirty word.
The complex financial products help blow up the housing market. They all but sank AIG. Now European officials want to crack down on a derivative called a credit default swap.
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By Stephen Fidler, Gregory Zuckerman, and Brian BaskinPublished: March 10 2010 WSJInternational momentum is building for stricter oversight of derivatives trading, as a top U.S. regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on speculative bets against government debt following recent financial turmoil in Greece.
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By Christopher DoeringPublished: March 9 2010 ReutersCongress should not allow any end-user exemptions for trading and clearing of credit default swaps, a financial instrument blamed for contributing to the recent financial crisis, the head of the Commodity Futures Trading Commission said on Tuesday.
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By Carolyn HensonPublished: March 9 2010 WSJThe European Commission is considering an outright ban on speculative derivative trades that have been blamed for worsening the debt crisis in Greece, Commission President Jose Manuel Barroso said Tuesday.
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By Nikki Tait, Benn Hall and David OakleyPublished: March 9 2010 FTThe political appetite in Europe for clamping down on speculative trading, particularly if it adversely affects the sovereign debt market, shows no sign of abating. But the big issue for regulators is how to turn this into effective rules.
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By Phil MattinglyPublished: March 9 2010 BloombergSenator Bob Corker, the Republican leading Banking Committee negotiations on legislation to overhaul financial rules, said the bill bill be "surgical" and probably amended in committee and on the floor.
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By Rainer Buergin and Shobhana ChandraPublished: March 9 2010 BloombergGerman Chancellor Angela Merkel and Luxembourg Prime Minister Jean-Claude Juncker called for urgent regulation of credit-default swaps to shore up the euro area and prevent a rerun of the Greek financial crisis.
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By Peter MadiganPublished: March 9 2010 Risk MagazineThe chairman of the Chicago Board Options Exchange (CBOE) has attacked Washington DC's approach to regulatory reform efforts, criticising Congress for "wanting to beat up on anybody that has anything to do with finance" and not distinguishing between those agents culpable for the financial crisis and those largely uninvolved.
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By Lynnley Browning and Matthew SaltmarshPublished: March 9 2010 NYTGoldman Sachs had a bright idea for its clients: buy credit-default waps - those controversial instruments that helped trip up the American International Group - in case certain nations ran into financial trouble.
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By Patrick Donahue and Meera LouisPublished: March 8 2010 BloombergEuropean leaders are in talks to establish a lender of last resort and limits on credit-default swaps to bolster the euro area and prevent a repeat of the Greek financial crisis.
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By Rachelle YounglaiPublished: March 8 2010 ReutersRepublican and Democratic senators are at odds over which financial players should be exempt from complying with proposed rules designed to shed light on the $450 trillion over-the-counter derivatives market.
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By Sewell ChanPublished: March 8 2010 NYTSeveral high-ranking members of the Senate Banking Committee have reached a tentative consensus on a plan that would strip the Federal Reserve of regulatory powers over all but the very largest banks, those with more than $100 billion in assets, people briefed on the negotiations said on Monday night.
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By John SpringfordPublished: March 7 2010 The GuardianWith global co-operation fading away, there are disturbing gaps in the approach to financial reform in Europe and the US.
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By David WainerPublished: March 7 2010 FTUnprecedented global co-operation among G20 regulators means derivatives market observers can look forward to a harmonious and geographical arbitrage-free future, right? Er, probably not.
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By Rainer BuerginPublished: March 6 2010 BloombergWhite House advisor Paul Volcker said the "abuse" of derivatives to hide the size of Greece's budget deficit highlights the need for regulation and European Central Bank President Jean-Claude Trichet said derivatives still pose risks to financial stability.
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By Alison VeshkinPublished: March 6 2010 BusinessWeekHouse Financial Services Committee Chairman Barney Frank said he might scrap the regulatory overhaul legislation and start over if the Senate fails to approve a strong consumer-protection authority.
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Published: March 6 2010 DerivSourceCommodity Futures Trading Commission chairman Gary Gensler is scheduled to meet with various high-level financial services regulators in Brussels and London to discuss critical issues related to financial regulatory reform during the week of March 15-18.
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Published: March 5 2010 ReutersA revised bill on financial regulation reform will come out soon in the U.S. Senate from Banking Committee Chairman Christopher Dodd, a Democrat.
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By Alison VeshkinPublished: March 5 2010 BloombergSenate Banking Committee Chairman Christopher Dodd said lawmakers have been unable to agree on legislation to overhaul U.S. financial regulations, including a proposal for a consumer unit at the Federal Reserve
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By Kevin DrawbaughPublished: March 4 2010 ReutersSenator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the U.S. Senate on Thursday called for creating a new government "office" with the power to craft and enforce rules to protect consumers.
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By Albert BozzoPublished: March 4 2010 CNBCThe Senate Banking Committee Wednesday appeared closer than ever to an agreement on a bipartisan bill covering sweeping reform of the financial sector, with one key negotiator saying Republicans and Democrats were getting "more comfortable" with proposals under discussion.
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By Christopher DoeringPublished: March 3 2010 ReutersA top Commodity Futures Trading Commission official said on Wednesday the Senate Agriculture Committee will release its draft bill to increase oversight of over-the-counter derivatives within a week.
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By Carol E. CurtisPublished: March 3 2010 Securities Industry NewsIt's understandable that daily reporting on the progress of financial regulatory reform through the Senate should focus on the vicissitudes of the beleaguered Consumer Financial Protection Agency (CFPA) proposed by President Obama.
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By Charles Abbott and Roberta RamptonPublished: March 3 2010 ReutersA central Congressional player in financial reform legislation on Wednesday said he is willing to close a potential loophole that might allow big derivatives traders to avoid public scrutiny of their deals.
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By Duncan WoodPublished: March 3 2010 Risk MagazineAs dealers and legislators feud over reform of the over-the-counter derivatives market, at least one innocent bystander - New York-based post-trade utility the Depository Trust & Clearing Corporation (DTCC) has been caught in the crossfire.
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By Dawn KopeckiPublished: March 2 2010 BusinessWeekGreece would have been dissuaded from using swaps to obscure the country's deficit if the $605 trillion derivatives industry were properly regulated, U.S. Commodity Futures Trading Commission Chairman Gary Gensler said.
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By Roberta Rampton and Christopher DoeringPublished: March 2 2010 ReutersCongress should not create blanket exemptions from new rules designed to make trading of over-the-counter derivatives more transparent, a commissioner on the top U.S. futures regulator said on Tuesday.
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By Aline van Duyn and Gregory MeyerPublished: March 2 2010 FTDerivatives dealers have agreed to give regulators more information about over-the-counter derivatives trades in the credit, interest rate and equity markets and will continue shifting more trades towards central clearing, they said in a letter to the Federal Reserve Bank of New York yesterday.
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By Christopher DoeringPublished: March 1 2010 Reuters Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against conflicts of interest, the chairman of the Commodity Futures Trading Commission said on Monday.
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By Katy BurnePublished: March 1 2010 Derivatives WeekGary Gensler, chairman of the Commodity Futures Trading Commission, today warned against allowing end-users of over-the-counter derivatives to be exempt from new regulations.
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By Matthew LeisingPublished: March 1 2010 BusinessWeekCongressional leaders are vowing to eliminate a provision in legislation passed by the House in December that would allow banks to keep the private derivatives market opaque, protecting billions in profit on swap trades.
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By Sewell ChanPublished: March 1 2010 NYTWhen Christopher J. Dodd announced in January that he would not seek a sixth term in the Senate, he called reform of financial regulation, along with health care, "the two most important issues of our time," and pledged to spend his last year in Congress "fully focused" on his legislative duties.
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