Tag Archives: Securities and Exchange Commission
The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.
“Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.”
CNBC video
InTrade should be regulated. InTrade is in total illegality, right now.
CFTC and SEC want authority over foreign exchanges that offer access to U.S. investors.
The Commodity Futures Trading Commission and Securities and Exchange Commission on Friday recommended legislation that would expand the U.S. futures regulator’s authority over foreign exchanges that offer access to U.S. investors.
The heads of major exchanges offered somewhat diverging views on plans by the CFTC and the SEC to reconcile their rule books.
The heads of major exchanges offered somewhat diverging views on plans by the CFTC and the SEC to reconcile their rule books.
“A big concern shared by both exchange operators is that turf battles have slowed the approval of new products.”
The Obama administration detailed a sweeping plan to more closely oversee the giant market for derivatives.
“The 115-page draft bill would give the bulk of the proposed new powers over derivatives to the Securities and Exchange Commission and the Commodity Futures Trading Commission but also keep banking regulators in the mix by granting them authority to oversee banks that deal in derivatives.”
Securities and Exchange Commission Chairman Christopher Cox said he strongly supports merging his agency with the Commodity Futures Trading Commission.
Excellent.
Previously: The CFTC on prediction markets. + Comments made to the CFTC.
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