Persuaded that lax regulation of financial derivatives contributed to the 2008 financial crisis, policymakers in Congress and the Obama Administration have adopted a knee-jerk solution: regulate ...
Language in the so-called CRomnibus spending bill being debated in the Senate would undo a prohibition on FDIC-insured banks trading certain kinds of complex financial instruments. The provision may ...
On 30 July 1998, Alan Greenspan, then Chairman of the Federal Reserve argued that: “Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.” On 30 July ...
The Federal Deposit Insurance Corp. found "shortcomings" in the resolution plans of three of the largest banks last week, and found Citigroup's resolution plan "deficient," all because of problems ...
The biggest U.S. banks are likely to see little impact from a portion of the Dodd-Frank Act that seeks to constrain derivatives activity. In a report Tuesday, Fitch Ratings argues that the “swaps push ...
Mark Brickell Chair, International Swaps and Derivatives Association (1988-1992) Every business faces risk when it opens its doors. If you're running an automobile manufacturing company and you borrow ...
A self-proclaimed Democratic socialist without a super PAC, Vermont senator Bernie Sanders has pretty much hinged his entire campaign on taking down Wall Street. He calls the economy "rigged," and he ...
Gretchen Morgenson, take note: this is how to write a good article about municipalities dabbling in derivatives. But the fact is that municipalities around the world have been ripped off by ...
First Impressions In December, the SEC released a document that addressed the derivatives usage of mutual funds (and exchange-traded funds). The commission has been busy over the past year, having ...
Question: What’s going on with the just-announced regulatory reform of derivatives? Paul Solman: Plenty. And you could say it’s about time. One of the leading scandals of recent years (and that’s no ...
(Reuters) - JPMorgan Chase & Co lost at least $2 billion in its failed hedging strategy not only because it was sloppy, but because it grew too big in a rarified market of complex financial ...