Behind an Estimated $30 Trillion Drain on Banks, a Lot of Hypotheticals
A banking industry group looked into a new derivatives rule and sketched out a situation in which banks were forced to come up with as much as $30 trillion in cash. But a deeper look suggests that many...
View ArticleEurope Expands Investigation Into Derivatives Market
The inquiry, which has already ensnared major international giants like Barclays, JPMorgan Chase and Deutsche Bank, has been broadened to include the International Swaps and Derivatives Association, a...
View ArticleFormer Trading Regulator Scott O’Malia to Lead Derivatives Group
Scott D. O'Malia, formerly a commissioner on the Commodity Futures Trading Commission, has been named chief executive of the International Swaps and Derivatives Association.
View ArticleArgentina Default Is Ruled a Credit Event for Swaps
The International Swaps and Derivatives Association says Argentina’s failure to make a payment on its bonds earlier this week will activate credit default swaps on the country’s debt.
View ArticleFederal Judge Upholds U.S. Effort to Regulate Overseas Trading
Unencumbered by costly litigation, which was filed by some of Wall Street’s top trade groups, the Commodity Futures Trading Commission is now able to reach far beyond American shores in its oversight.
View ArticleExpected Change in Derivatives Aims to Curb Damage From Bank Failure
Many view the change as evidence that banks and regulators are substantially reducing the threat that large banks pose to the financial system and the wider economy.
View ArticleChange in Derivatives Contracts Goes Only So Far
Why did Wall Street support a change in derivatives contracts that limits its rights? It is in banks' interest to wind down a failing firm in an orderly way. But banks still benefit, even with the change.
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