Derivatives rules now to take effect next July

Federal regulators have put off until July the date for rules to take effect bringing oversight to the market for derivatives, the complex financial instruments blamed for helping precipitate the financial crisis. That will be two years after enactment of the 2010 financial overhaul law mandating the rules.

Wells Fargo agrees to pay $37M in bid-rigging case

Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding competitions to win business from state and local governments.

Farmers, airlines exempt from derivatives rules

Companies that trade derivatives solely to guard against volatile price swings won't have to meet new federal collateral requirements.

Goldman Sachs launches derivatives clearing unit

Goldman Sachs Group Inc. said Tuesday it has launched a new business to help clients adapt to changes in trading of derivatives, which have come under regulatory scrutiny for their role in the financial crisis.

Dodd accepts ban on bank derivatives business

A Democratic official familiar with Senate banking negotiations says a provision that would force banks to spin off their derivatives operations will be incorporated into sweeping regulatory legislation despite Obama administration misgivings.

Goldman case boosts financial reform efforts

Goldman Sachs may yet win its legal battle against the government over charges it defrauded investors. But it may already have lost the war over a broad package of regulations designed to curb some of the practices that helped the giant investment bank generate $3.3 billion in profits in just the latest quarter.

SEC reviews funds' derivatives use

The Securities and Exchange Commission is reviewing the use of financial derivatives by mutual funds, exchange-traded funds and other investments to determine whether new protections are needed for investors.

ECB's Trichet warns of speculative debt trading

The European Central Bank's chief warned Friday that credit default swaps "should not be misused in a speculative manner," backing European leaders eager to curb market pressure on government debt.

Derivatives debate splits US and Europe regulators

To European officials, financial derivatives are dangerous weapons that worsened Greece's debt crisis and should be curbed.

Derivatives debate splits US and Europe regulators

To European officials, financial derivatives are dangerous weapons that worsened its debt crisis and should be curbed.

Curbing derivatives might hurt, not help, Greece

Derivatives have become a dirty word.

Companies push for derivatives exemption

As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a major sticking point has emerged over companies that use the derivatives to hedge risk.

House agriculture panel approves derivatives bill

Legislation to regulate for the first time globally traded derivatives, the complex instruments that helped touch off the financial crisis, moved closer to House enactment Wednesday.

The whys and hows of regulations on derivatives

A House bill would impose new restrictions on a series of complicated financial transactions that had traded in private markets around the world without regulations. One type of these specialized derivative instruments, called credit default swaps, was blamed for the crisis that hit Wall Street last year.

Regulators seek tighter oversight of derivatives

Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives, complex financial instruments blamed by regulators for hastening the financial crisis. Republican lawmakers contend the measure already could eliminate jobs and stifle companies' ability to manage risks.

Key regulators urge broad oversight of derivatives

Two key regulators on Tuesday urged Congress to go beyond an Obama administration proposal and impose comprehensive oversight on the sprawling, complex market for financial derivatives blamed for worsening the credit crisis last fall.

15 big banks commit to derivatives targets

Fifteen big banks that dominate worldwide trading of derivatives have committed to greater transparency in a $600 trillion market that regulators say needs stricter oversight to protect the global financial system.

Regulator seeks tighter derivatives bill

A key federal regulator is asking lawmakers to tighten legislation imposing broad new oversight on derivatives by going beyond the Obama administration's proposal in several areas governing the complex financial instruments blamed for hastening the global economic crisis.

White House seeks new reins on derivatives

The Obama administration on Tuesday sent Congress legislation seeking to impose broad new oversight on derivatives, the complex financial instruments blamed for hastening the global economic crisis.

Lawmakers say have accord on derivatives oversight

Two influential House lawmakers on Thursday announced an agreement on guidelines for legislation to impose broad new oversight on the financial instruments blamed for hastening the global economic crisis.

Regulators urge derivatives changes

Two key federal regulators on Wednesday urged Congress to impose broad new rules on the financial instruments blamed for hastening the global crisis while Republican lawmakers chafed at constraints they said could hurt U.S. firms' competitiveness.

SEC, CFTC agree on derivatives oversight

The heads of two federal agencies with financial oversight responsibilities have told Congress that their jurisdiction can be split over the instruments blamed for hastening the global economic crisis.

NH regulators: UBS unit misled investors

New Hampshire securities regulators accused a unit of banking giant UBS AG of misleading investors about complex securities issued by Lehman Brothers before Lehman filed for bankruptcy protection last year.

Congress played major role in AIG mess

If President Barack Obama wants to find a scapegoat for the mess at American International Group, he needs only to look east from the White House to the halls of Congress.

Buffett says derivative values can be misleading

Billionaire Warren Buffett has devoted nearly five pages of his letter to Berkshire Hathaway shareholders to explaining the role derivatives played in the company's nearly $7.5 billion investment losses last year.

When the financial industry melted down in 2008, it nearly dragged the world economy to its knees. Americans across the nation lost their jobs, their homes, and their money. All because the nation’s biggest banks gambled on derivatives and lost trillions of dollars. Ameri …

The derivative hedging game played by JPMorgan Chase is no different than that played by AIG in 2008. Yet Jamie Dimon tells us that JPMorgan had merely “made a terrible, egregious mistake.”  He might as well have said that the bank was wrong to keep raising in a  …

Not a lot of details here. However, the matter that is being described potentially has a huge bearing on the domestic and international economy. Interesting, it seems derivatives are still major liabilities in the banks despite the federal government buying a large portion of the …

For this investigation to be taken seriously, SEC enforcement chief Robert Khuzami would have to resign.

Nationwide, about 20 percent of debt issued by states and local governments is sold through competitive bids. Issuers post public notices asking banks to make proposals and award the debt to the bidder offering the lowest interest cost.

Let’s first examine the dead body in the room that Stewart and other commentators have conveniently managed to overlook.

Judge Jed Rakoff has effectively said judges have no business sanctioning settlements in which the accused party admits to nothing.

Still without the critical firewall of Glass Steagall - We see yet another fork put into the myth of the end of "Too Big To Fail" as Americans are now (literally) being asked by the Federal Reserve to insure "Trillions" in credit default swap gambling debts run up by "Bank o …

The FDIC opposed the move, but there is nothing the FDIC can do, except file a petition for a writ of mandamus in court, against the Federal Reserve, seeking a declaration that the approval was illegal.

That's right, it's bad enough we have the foreclosure, underwater mortgage and toxic mortgage backed securities mess. Now we have bad bets on interest rates, which went to record lows, and this is supposed to be paid for by taxpayers in more bail out funds.

When failure is too painful to contemplate, any halting motion in something resembling the right direction will be hailed as success.

European Union regulators raided banks that offer financial derivatives linked to the euro interbank offered rate, saying they were investigating possible collusion.

Critical piece on the mutation of  the "Anything-but-Glass-Steagall - Volker Rule" which began as less than ideal, and has now become a monstrosity of purposeful complexity and exemption. From the Article: Former Senator Kaufman expresses the desperation of many in sim …

I'll have more coming out about this in a few days, but there have been two disgusting developments in the realm of plutocratic intervention on behalf of Wall Street that everyone protesting should take note of. The fact that both of the following things took place in the midd …

Think you know just how scummy the tactics are on Wall Street?  Wait for it because this week the American taxpayers got skunked yet again - and without Congress getting involved.What happened to screw over Americans?  You see Bank of America go …

Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.

The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people.

Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.

Which is what the media have been doing to the Occupy Wall Street protesters. The demonstrators have said they want “economic justice.” And inevitably a talking head will wonder: “What do they want?” The demonstrators will say they want economic justice …

First, our political and business leaders have cheered on the decimation of America's manufacturing industries through trade pacts that open up American workers to competition from countries where workers have no rights and are paid something like negative-five billion cents per  …

Echoing the demands of the Occupy Wall Street protesters, Rep. Peter DeFazio (D-OR) is proposing to tax the trading of stocks, bondets, and derivatives.

Remember those time bombs called derivatives which threatened to economically blow up the world in 2008? Not only were they never really regulated, they are back with a vengeance.

Perfect site to acquire future broker. I actually advocate anyone find out about it. It is actually a good service.

Given the recent history of UBS, it is fair to ask if Kweku Adoboli is a rogue trader or his employer is a rogue bank. At one level, Mr Adoboli appears to fit neatly into the stereotype of the rogue trader, a phenomenon that recurs so often that it is an endemic aspect of mode …

Rather than bring vested banking interests to heel, the administration instead chose to reconstitute, as much as possible, the very same industry whose reckless pursuit of profit had thrown the world economy off the cliff.