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alp227

(32,020 posts)
Sun Apr 22, 2012, 08:05 PM Apr 2012

US regulators look to ease swaps rules [View all]

Source: Financial Times

US regulators are exploring ways to give large foreign banks and overseas subsidiaries of US lenders a reprieve from stringent new derivatives rules, potentially alleviating one of the biggest concerns facing global financial institutions.

The US Commodity Futures Trading Commission is looking to grant a temporary exemption to swap dealers that may fall under the jurisdiction of foreign financial authorities from complying with a host of post-financial crisis regulations governing derivatives transactions, people familiar with the matter said.

New regulations such as higher capital requirements, the mandated posting of margin, central clearing and tighter business conduct standards are among the directives slated to take effect aimed at reducing systemic risk. Wall Street analysts have warned investors that these rules are expected to take a significant bite out of bank earnings power.

Last week, Michel Barnier, the EU’s financial services commissioner, sent a stern letter to US financial supervisors “strongly” encouraging them to delay applying new swaps rules to European banks “until there is legal clarity” about what the regulations would entail.

Read more: http://liveweb.archive.org/http://www.ft.com/cms/s/0/1920878e-8c7d-11e1-9758-00144feab49a.html

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. NRaleighLiberal Apr 2012 #1
+1000 nt abelenkpe Apr 2012 #19
No. Just no. sakabatou Apr 2012 #2
Sure, why not? After the first couple of trillion..... DeSwiss Apr 2012 #3
I just watched tonight's 60 Minutes report on the Lehman Brothers collapse. Bozita Apr 2012 #4
Lehman robbed the states via state pension investments freshstart Apr 2012 #17
EPIC FAIL! Odin2005 Apr 2012 #5
Aw, what the hell.... lastlib Apr 2012 #6
Why don't they let American Students off the hook for massive debt? lib2DaBone Apr 2012 #7
$wap = swap Trillions from taxpayers' pockets into... Amonester Apr 2012 #8
Whatever it takes.. sendero Apr 2012 #9
more hope and change KG Apr 2012 #10
since the Capissars in the justice department.... unkachuck Apr 2012 #11
I haven't read this yet but the headline alone spells snappyturtle Apr 2012 #12
I watched this today freshstart Apr 2012 #13
because one financial collapse isn't enough.... mike_c Apr 2012 #14
Not only the 'Deep Pocket$' weren't punished accordingly... Amonester Apr 2012 #16
Frontline is doing a new series too freshstart Apr 2012 #15
Thank you for the heads-up! Bozita Apr 2012 #26
You're welcome! freshstart Apr 2012 #28
I think that Greenspan is back to his usual self. amandabeech Apr 2012 #31
Can't allow old Europe to make their own rules in our world got root Apr 2012 #18
O Hell no! Nt abelenkpe Apr 2012 #20
These People, Sir, Should Be Told To :Pound Sand.... The Magistrate Apr 2012 #21
Take everyone out that's in the derivatives business and hang them. mbperrin Apr 2012 #22
That's an 'extreme' method nobody here SHOULD wish for... Amonester Apr 2012 #25
Well, then get to it. mbperrin Apr 2012 #30
What could POSSIBLY go wrong?? cliffordu Apr 2012 #23
re: US regulators look to ease swaps rules allan01 Apr 2012 #24
"Those who fail to learn from history are doomed to repeat it" jmowreader Apr 2012 #27
Do I have this right, CFTC too poor to regulate oil price fixing, but, can do this. Festivito Apr 2012 #29
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