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Today, Treasury Secretary Geithner, who serves as chairperson to the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1, 2010
On June 8, 2010, the Commodity Futures Trading Commission's (CFTC) Division of Clearing and Intermediary Oversight (DCIO) issued an advisory (the "CFTC Advisory" or "Advisory") clarifying the extent to which certain sophisticated customers located in the United States may trade in foreign security futures products (FSFPs
Yesterday, Ambac Financial Group (Ambac) announced that its principal subsidiary Ambac Assurance Corporation (AAC), has established "a segregated account for certain of AAC's liabilities, primarily policies related to credit derivatives, residential mortgage-backed securities (RMBS) and other structured finance transactions" pursuant to the direction of the Wisconsin Office of the Commissioner of Insurance (OCI
Yesterday, key over-the-counter (OTC) derivatives market participants and industry associations, including the International Swaps and Derivatives Association, Inc. (ISDA), the Managed Funds Association and the Asset Management Group of the Securities Industry and Financial Markets Association, in an effort to "significantly reduce systemic risk and increase transparency,” submitted a letter to the Federal Reserve Bank of New York (FRBNY) and other banking regulators
