Being a limey I forgot to think that the 5 CFTC commissioners don’t stay in their jobs for life, here’s when they are due to either retire, or be extended: Scott O’Malia 15th April 2015 Jill Sommers 13th April 2014 (but is planning to resign early) Bart Chilton 13th April 2013 (He remains in office […]
Read moreUK vs US regulators on Libor | FT article
A dual track system to pave the way for a new benchmark tied more closely to objective data? At least this is what Martin Wheatley, the UK regulator leading efforts to reform the London Interbank Offered Rate, has told the Financial Times. On the other side of the Atlantic however, this idea would not seem that […]
Read moreCFTC’s Gensler on Libor | Is it the end?
It seems that what until now has only been an open sceptisism on Mr Gensler’s side, is now considered to be the strongest indication that regulators are more than eager to replace LIBOR with an alternative benchmark. As Mark Carney, the future Bank of England governor who heads the Financial Stability Board, said last week “regulators hope […]
Read moreOTC Derivatives – News Digest – 18.3.2013
Dear Reader, Starting this week you receive a compilation of news items (thus “News Digest”) from the week that just went. A short summary of highlights precedes the article abstracts and corresponding links. A number of those are from sources like Risk or FT, which obviously require a subscription. Some of the items are abstracts […]
Read moreRepublican Right Battles the Republican not so Right
I wrote in this post about the effect this years US elections might have on Dodd Frank, and I then read this piece (subs required) in the FT on how the ‘Tea Party Right’ want to prevent the relatively moderate Mitt Romney from winning the nomination – and they continue this behaviour, the Republicans will […]
Read moreScott O’Malia Christmas List – Speech at the Edison Electric Institute
Original source here. Scott is one of the five commissioners at the CFTC, and has a republican background, meaning he will challenge and push back on some areas that he thinks Gary Gensler is over-stepping the intention of Dodd Frank. See also this piece about barriers to implementing Dodd Frank by me. My Summary: Scott […]
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May 20, 2013 

