CFTC issues no-action letters on swaps after deal with EU on cross-border
Staff of the U.S. Commodity Futures Trading Commission on Thursday issued four no-action letters that address certain issues relating to swaps regulation, following the announcement earlier in the day...
View ArticlePreview: 'Fabulous Fab' trial is a test for U.S. SEC on crisis prosecutions
The trial of former Goldman Sachs bond trader Fabrice "Fabulous Fab" Tourre next week gives the U.S. Securities and Exchange Commission an opportunity to prove that it can win big cases tied to the...
View ArticleEurope, U.S. strike peace on cross-border swap rules
The European Union agreed with U.S. regulators Thursday on how to jointly supervise foreign derivatives traders operating in their territories, solving a months-long trans-Atlantic rift. The two sides...
View ArticleU.S. CFTC adopts guidance on cross-border swaps, issues new transition period
The U.S. Commodity Futures Trading Commission on Friday adopted long-delayed guidance on how it will apply swaps market regulations under the Dodd-Frank act to cross-border transactions. The guidance...
View ArticleFive banks seek government permission to send data, say sources
Credit Suisse and Julius Baer are among five Swiss banks which have sought government approval to hand data to U.S. prosecutors in a bid to reach settlements in a long-running tax dispute, four sources...
View ArticleFinancial benchmark reform may stumble on patchy take-up
A global blueprint intended to stamp out manipulation of financial benchmarks, expected to be published late next week, risks failure if individual countries persist in pursuing their own regimes....
View ArticleDanish funds sue banks in U.S. for blocking CDS exchange-trading
Four Danish pension funds have filed a lawsuit against twelve large banks, accusing them of increasing costs for investors trading in the $27 trillion credit default swap (CDS) market by stopping...
View ArticleSEC takes Goldman's 'Fabulous Fab' to trial in civil fraud case
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury...
View ArticleBREAKINGVIEWS: Banks dodge a bullet with transatlantic swap deal
A deal between American and European regulators on derivatives has helped banks dodge a bullet. Before a compromise hatched on July 11, the Commodity Futures Trading Commission (CFTC) intended to force...
View ArticleU.S. regulator adopts cross-border rules for swaps
The top U.S. derivatives regulator voted on Friday to allow U.S. banks operating overseas to be governed by foreign rules in some cases, soothing Wall Street concerns that banks might have to comply...
View ArticleU.S. Treasury delays offshore tax-reporting law FATCA by 6 months
The U.S. Treasury Department said on Friday it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months to give foreign banks more time to figure out...
View ArticleTwo UK brokers charged in Libor probe
Two former brokers at RP Martin Holdings Limited, have been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of the...
View ArticleU.S. senators unveil plan to bolster Federal Housing Administration finances
The leaders of the U.S. Senate Banking Committee on Monday released a draft bill aimed at bolstering the finances of the Federal Housing Administration, which has faced mounting losses from mortgage...
View ArticleCME wants out of U.S. SEC's plan to reduce trading glitches
CME Group Inc, the world's largest futures exchange, is asking U.S. securities regulators to be excluded from proposed rules that would require exchanges and clearing agencies to conduct testing and be...
View ArticleTrial of ex-Goldman trader about 'Wall Street greed,' SEC lawyer tells court
The trial of former Goldman Sachs bond trader Fabrice Tourre was about "Wall Street greed," a lawyer for the U.S. Securities and Exchange Commission said as the trial began on Monday. The SEC accuses...
View ArticleResolution authorities can be flexible — but must be transparent — about...
The Financial Stability Board has highlighted the degree of flexibility that home and host resolution authorities have in determining exactly how creditors of failing banks stand in relation to each...
View ArticleU.S. futures regulator CFTC issues detailed guidance notice on cross-border...
The U.S. Commodity Futures Trading Commission on Tuesday issued its The guidance becomes effective upon publication in the Federal Register, although the commission said it would keep following...
View ArticleCanadian securities regulators to amend direct electronic access rules
The Canadian Securities Administrators (CSA) have announced amendments to National Instrument 23-103 Electronic Trading (NI 23-103) (PDF), which will establish a consistent framework for the offer and...
View ArticleCyber threats pose "systemic risk" to securities markets, majority of...
More than half of the world's securities exchanges had experienced a cyber attack in the last year. a report by the main global body of market regulators said on Wednesday. The said threats through and...
View ArticleG20's Financial Stability Board spells out fine print of big-bank rescues,...
The world's top banks must spell out what would trigger capital raising and other steps to survive a crisis without needing taxpayer money, a global regulatory body said on Tuesday. The Financial...
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