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Tag Archives: Dodd-Frank

US delays derivatives rules to avoid market disruption; Harvard Endowment Managers Said to Depart to Start Hedge Funds; Did Dodd-Frank really hurt the US economy? John Lothian Newsletter,Newsletter

First Read CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture By Sarah Rudolph – JLN The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors. CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also…

CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture Blog,Commentary,Feature,Politics,Regulation & Enforcement

The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors.  CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also acting head of the Securities Investor Protection Corporation, chartered by Congress to help protect U.S. investors from brokerage…

NYSE Told Major Outage in 2015 May Have Broken Securities Rules; The Race to the Speed of Light Is Accelerating; Rolling Back the Fiduciary Rule – a Primer on Making (and Unmaking) a Regulation John Lothian Newsletter,Newsletter

First Read Solidifying an American foothold: LSEG’s UnaVista and MTS platforms look to expand Spencer Doar – JLN The London Stock Exchange Group has plenty of reasons to be in the news due to its pending merger with Deutsche Boerse, but while all of those discussions take place, parts of the LSEG family are making moves of their own. The two arms in motion are MTS, a bond trading platform, and UnaVista, a back and middle office platform for reconciliation, reporting, matching and validation. Both are in a similar situation — they have a large presence in Europe but not…

FXCM banned by CFTC after taking positions against clients; Deutsche Börse backs CEO Kengeter amid probe into his share dealings; World Federation Of Exchanges Publishes White Paper On CCP Recovery & Resolution John Lothian Newsletter,Newsletter

First Read Michael Bloomberg on How to Succeed in Business Sam Roberts – NY Times He was the grandson of Russian and Lithuanian immigrants and the son of a dairy company accountant, and he was fired before he was 40. But Michael R. Bloomberg persevered to become, at last count by Forbes magazine, the world’s eighth richest person. He achieved this phenomenal success without a master plan. But in retrospect, his evolution — from Eagle Scout to graduate of Johns Hopkins and Harvard Business School, to bond trader and partner at Salomon Brothers, to founder of a business information network…

CME Group to broaden rules against wrongdoing after CFTC request; Republicans Get Ready to Roll Back Dodd-Frank Law; German minister calls for LSE-Deutsche Boerse HQ in Frankfurt John Lothian Newsletter,Newsletter

First Read Deep Breath Jim Kharouf, JLN Upon our return from Washington DC last week, there was the unanswered question still hanging in the air: “What will become of Dodd-Frank?” Of course, no one really knows just yet. All the hyperbole from politicians in DC make for big headlines. But as the Wall Street Journal piece Republicans Get Ready to Roll Back Dodd-Frank Law pointed out, passage of new laws in the Senate will require 60 votes, and Replublicans hold 52 seats. Will we see a rollback of Dodd-Frank? A rollback at Walmart means that dish detergent that was priced…

Why Stock Market Volatility Isn’t Really as Low as It Appears; An Exceedingly ‘Worrisome’ Discrepancy; Euro Trading Calm Belies Risk of Lehman-Like Volatility Spikes Newsletter,Options

Lead Stories Why Stock Market Volatility Isn’t Really as Low as It Appears Joseph Ciolli – Bloomberg Correlation, it’s sometimes said, equals volatility. An index can’t swing very much unless a lot of its members are going the same way. So if you’re wondering why the CBOE Volatility Index has been so quiet lately, that’s part of it, according to Dean Curnutt, chief executive officer at Macro Risk Advisers. Stocks are charting independent courses under Donald Trump, and it’s holding broad measures of turbulence down. /goo.gl/ZoEY8v An Exceedingly ‘Worrisome’ Discrepancy Seeking Alpha As one bank puts it, investors no longer…

Republicans’ Paths to Unraveling the Dodd-Frank Act; Are tougher times for Wall Street’s ‘Flash Boys’ here to stay?; Forged Warehouse Receipts Renew Concerns Over Commodities Fraud John Lothian Newsletter,Newsletter

First Read Contango Whitepaper: The Changing Face of Client Derivatives Clearing Contango has just released a special report looking at the changing face of client derivatives clearing as regulation, higher capital requirements and constraints on revenue models are changing the way banks in particular look at their clients. In line with a trend that started some years ago, the number of derivatives clearing firms is shrinking further. Banks must earn more from their clients or be faced with exiting the listed derivative brokerage business (unwelcome), accept lower returns on capital utilised (unlikely) or be more picky about the types of…

Eris Keeps Pace With Evolving Swaps Markets With New Hire, George Harrington Blog,Commentary,Feature

As the interest rate swaps market continues to evolve, Eris Exchange is keeping pace. Eris, the U.S. futures exchange that offers interest rate swap futures as an alternative to OTC swaps, has made a new hire to help bring in more big OTC participants. George Harrington previously headed Bloomberg Markets and oversaw Bloomberg’s SEF, MTF, and Japanese ETP regulated trading platforms, so he has plenty of experience with the regulations that led to a boom in SEFs and the futurization of interest rate swaps. At Eris, he will focus on working across the execution management and order management systems to…

Candidate to Head Trump’s CFTC Seeks Revamp of U.S. Swaps Rules; Banks to Donald Trump: Don’t Kill Dodd-Frank; Silver Traders’ ‘STOP BUSTERS’ Seen as Rig Suit Smoking Gun John Lothian Newsletter,Newsletter

First Read A Note Of Thanks By Jim Kharouf Wow. Just a quick note of thanks to everyone for the outpouring of kind notes and encouragement. I’ve tried to respond to every email and note on Facebook. It is an honor to be named CEO of this company, not because of the title, but because of what John Lothian & Co. has come to represent in this industry. As a journalist in this space for 20 years, and as a journalist for more than 27 years in total, I’ve never seen a publication that connects with its readers in the…