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Results: 1-10 of 28

ISDA Credit Derivatives Determinations Committees and Auction Settlement CDS Protocol

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 8 2009

Today, the International Swaps and Derivatives Association, Inc. (ISDA) announced the successful implementation of the ISDA Credit Derivatives Determinations Committees and Auction Settlement CDS Protocol (otherwise referred to as the “Big Bang” Protocol), with over 2,000 parties adhering to the Protocol

Financial Crisis Inquiry Commission holds first day of hearings on role of derivatives in financial crisis

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 30 2010

Today, the Financial Crisis Inquiry Commission (FCIC) held the first of two days of hearings related to the role of derivatives in the financial crisis, and specifically through the prism of two companies, American International Group (AIG) and Goldman Sachs

House Financial Services Committee holds hearing on OTC derivatives market

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 8 2009

Yesterday, the House Financial Services Committee held a hearing entitled "Reform of the Over-the-Counter Derivative Market: Limiting Risk and Ensuring Fairness," to consider the effective regulation of the over-the-counter (OTC) derivatives market and reaction to the discussion draft of proposed legislation released late last week by Committee Chairman Barney Frank (D-MA

House Financial Services Committee votes on OTC Derivatives Market Act

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 16 2009

Yesterday morning, the House Financial Services Committee voted, 43-27, to approve Chairman Barney Frank’s proposed Over-the-Counter Derivatives Market Act of 2009, as amended during the mark up session held Wednesday

Market participants make further commitments on over-the-counter derivatives

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 2 2010

Yesterday, the International Swaps and Derivatives Association (ISDA) and industry market participants, including dealers and buy-side institutions, submitted a letter to the Federal Reserve Bank of New York (FRBNY) outlining new commitments to bring further transparency and standardization to the over-the-counter (OTC) derivates market, apply collateral management best practices and further utilize central clearing in the credit and interest rate derivatives markets

House Agriculture Committee approves Over-the-Counter Derivatives Markets Act

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 21 2009

After a mark-up session held today, the House Agriculture Committee approved by voice vote the Over-the-Counter Derivatives Markets Act of 2009, as amended, a version of which was approved last week by the House Financial Services Committee

U.S. Treasury announces proposed regulatory framework for OTC derivatives

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 13 2009

Today, the U.S. Treasury Department released a proposal, also submitted in a letter to Congressional leaders, which contemplates a comprehensive regulatory framework for all over-the-counter (OTC) derivatives, largely because “massive risks in derivatives markets have gone undetected by both regulators and market participants.”

FRBNY receives commitments from market participants to expand central clearing for OTC derivatives

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 9 2009

Yesterday, fifteen global over-the-counter (OTC) derivatives dealers submitted a letter to the Federal Reserve Bank of New York (FRBNY), affirming their commitment to increase their usage of central counterparties (CCPs) for clearing and setting initial target performance levels to achieve such commitments

Senate Subcommittee holds hearing on regulation of OTC derivatives market

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 24 2009

Yesterday, the Subcommittee on Securities, Investment and Insurance of the Senate Banking Committee held a two-panel hearing entitled the "Over-the-Counter Derivatives: Modernizing Oversight to Increase Transparency and Reduce Risks."

Federal Reserve Bank of New York hosts meeting on OTC derivatives

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 1 2009

Today, the Federal Reserve Bank of New York (FRBNY) hosted a meeting for major market participants and their domestic and international supervisors to discuss ongoing efforts to strengthen the infrastructure of the over-the-counter (OTC) derivatives market