The London Metal Exchange considers settling some of its contracts in Chinese yuan rather than sterling. The World Bank makes a fairly predictable move and taps Jim Yong Kim as its next leader. Exchange execs continue to fret about the future of trade volume, given increased competition and commonality between OTC and listed derivatives. More banks report earnings; more concern flows from the Eurozone; and more unease is expressed at sightings of financial behavior that got us in trouble only a few years ago. In the top box, JLN Metals editor Nicole V. Rohr has another interview, this time with…
Tag Archives: Nicole V. Rohr
John Lothian Newsletter: Traders boycott CME Eurodollar options; Clearing houses face capital stress tests; Senators defend CFTC in court over position limits John Lothian Newsletter,Newsletter
Independent traders at CME Group put hands in pockets on Friday and refused to trade Eurodollar futures in protest against private block trades. New global clearing house rules from IOSCO prescribe large capital buffers and stress tests. In the USA, senators have filed a brief in support of the CFTC’s efforts to impose position limits in the oil market. SIX Group in Switzerland says they’ve got a billion Swiss francs in a suitcase and are looking for something good to buy. In the top box, Nicole Rohr provides commentary from last week’s gold conference in New York, and an interview…
Please help me reach my goal! For those of you in Chicago, you better walk with me. I mean, please walk with me? On June 9, I will be walking to support Crohn’s & Colitis research. Take Steps is CCFA’s national evening walk and celebration and the nation’s largest event dedicated to finding cures for digestive diseases. It is a casual 2- to 3-mile stroll to raise money for crucial research, bringing us closer to a future free from Crohn’s disease and ulcerative colitis. Over 1.4 million American adults and children are affected by these digestive diseases. While many suffer…
William Birdthistle of IIT Chicago-Kent College of Law Discusses Dodd-Frank, Say-On-Pay & Corporate Governance Interview,Regulation,Video
William Birdthistle is an associate professor of law at the IIT Chicago-Kent College of Law, where he specializes in investment funds, corporate governance and executive compensation. Birdthistle sat down with JLN editor/producer Nicole V. Rohr and discussed the U.S. Securities and Exchange Commission’s (SEC) timeline for Dodd-Frank, how issues like corporate organizational structure and say-on-pay rules will progress in 2012, and how MF Global changed the landscape of corporate governance.
Former SEC Chairman David Ruder Discusses the Dodd-Frank Timeline, Volcker Rule & Cost Benefit Rules (Part 2 of 2) Interview,Regulation,Video
Northwestern Law School professor emeritus David Ruder talks to JLN editor/producer Nicole V. Rohr about the Dodd-Frank timeline, Volcker Rule and how cost-benefit rules will impact regulation. Ruder acted as SEC chairman during Black Monday in 1987. He was a part of the President’s Working Group on Financial Markets in 1988 and more recently worked on the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues. View Part 1 here.
Former SEC Chairman David Ruder Discusses the ‘Flash Crash’ & Dodd-Frank (Part 1 of 2) Interview,Regulation,Tech / HFT,Video
Northwestern Law School professor emeritus David Ruder talks to editor/producer Nicole V. Rohr about his experience as SEC chairman during Black Monday in 1987, and also about what stemmed from the subsequent flash crash in May 2010. Ruder was a part of the President’s Working Group on Financial Markets in 1988 and more recently worked on the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues. He discusses findings and changes to rules surrounding circuit breakers, dark pools and naked access. View Part 2 here.
John Lothian Newsletter: Opposition to Japanese Bourses Tie-Up Mounts; NYSE sets ‘full service’ clearing house for London; MF Global Trustee Sees $1.6 Billion Customer Shortfall John Lothian Newsletter,Newsletter
Osaka Securities Exchange investors tell company management to demand more-bigger-better in the pending deal with TSE. NYSE-Euronext declares its interest in creating a full-on clearing service in London. The MF Global bankruptcy trustee, after using ALL the fingers, believes the shortfall is now around $1.6 billion, given anticipated difficulty in clawing money back out of Europe. Rumors suggest that LCH.Clearnet is nearing an announcement regarding a change of ownership. In the top box, JLN announces a new video service: John Lothian Productions; and JLN Metals and JLN FX newsletters and blogs find new editors in Nicole Rohr and Jon Matte,…
Allan Horwich, partner at Schiff Hardin LLP and senior lecturer at the Northwestern University School of Law, talked to John Lothian News (JLN) web content editor Nicole V. Rohr about SEC enforcement provisions that passed with the signing of the Dodd-Frank financial reform bill. Horwich explains the SEC’s expanded rights and responsibilities, and how budgetary constraints are affecting the Commission’s ability to bring cases. On September 30, 2011, the Wall Street Journal published an article concerning securities violation suits filed by the SEC, and overall changes to the SEC’s enforcement strategy.
Lisa Noller, litigation partner in Government Enforcement, Compliance and White Collar Crime at Foley & Lardner LLP in Chicago, spoke with John Lothian News (JLN) web content editor Nicole V. Rohr about the passing of final SEC whistleblower rules. Among other things, Noller explains what companies should prepare for the SEC following a whistleblower complaint by an employee. For more on SEC whistleblower rules, visit MarketsReformWiki.