ISDA/CFTC mini-roundup

[Winehole23]

http://www.efinancialnews.com/story/2012-01-12/isda-unveils-membership-mission-of-its-industry-clearing-committee?mod=sectionheadlines-home-TT

http://online.wsj.com/article/BT-CO-20120119-715685.html

http://blogs.reuters.com/financial-regulatory-forum/2012/01/26/foreign-account-tax-compliance-act-threatens-investment-in-the-u-s/

http://newsandinsight.thomsonreuters.com/Securities/News/2012/01_-_January/U_S__CFTC_asks_court_to_dismiss_position/limit_lawsuit/

http://ca.reuters.com/article/businessNews/idCATRE80K0QA20120121

http://www.bloomberg.com/news/2012-01-24/greek-default-ruling-by-isda-likely-outcome-nyu-s-altman-says.html

http://www.investmenteurope.net/investment-europe/feature/2140007/isda-pain-creditors-insurers-greek-credit

[Winehole23]

The Commodity Futures Trading Commission is expected to review a rapid-fire technique that allows traders to buy and sell shares at lightning speed, a step that could help it better understand the impact of an activity critics say threatens market stability.http://www.baltimoresun.com/business/sns-rt-us-financial-regulation-tradingtre80t1yo-20120130,0,7316846.story

[Winehole23]

U.S. regulators found no "material breaches" at the largest futures firms, after reviewing them over the past three months after the collapse of MF Global Holdings (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=mfglq) Ltd. dealt a black eye to the broader derivatives business.



The audit focused on accounting practices and the protection of client funds that are central to the sector's self-regulation. The Commodity Futures Trading Commission found (http://www.cftc.gov/PressRoom/PressReleases/pr6171-12) that all customer funds were in place on the date of the review of each of 70 firms.


"It shows that firms understand our rules about how to treat customer funds," Commissioner Bart Chilton, a Democrat, said in a statement.


The CFTC said that it didn't perform an "audit" of the companies but rather a "limited review," which relied on the records and documents maintained at the firms. "Staff did not confirm balances directly with depositories or other entities holding customer funds," the CFTC said in a statement.
http://online.wsj.com/article/SB10001424052970203718504577183081260761806.html

[boutons_deux]

"The deserve their insane wealth, you jealous losers."

-- WC

[Winehole23]

http://online.wsj.com/article/SB10001424052970204257504577150833969734196.html

[Winehole23]

http://www.bloomberg.com/news/2012-01-20/cftc-said-to-consider-private-vote-on-registering-mutual-funds.html

[Winehole23]

More than half of the derivatives- trading business of Goldman Sachs Group Inc. (GS) (http://www.bloomberg.com/apps/quote?ticker=GS:US), Morgan Stanley and three other large banks could fall largely outside the Dodd- Frank Act if they succeed in lobbying regulators to exempt their overseas operations, government records show. http://www.bloomberg.com/news/2012-01-30/goldman-sachs-among-banks-lobbying-to-exempt-half-of-swaps-from-dodd-frank.html