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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 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


CFTC Chairman Gensler testifies on OTC derivatives markets
  • Alston & Bird LLP
  • USA
  • March 10 2010

Yesterday, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler appeared before the Senate Committee on Energy and Natural Resources at a hearing regarding the regulation of over-the-counter derivatives, particularly with respect to the energy markets


Depository Trust & Clearing Corporation issues policy for releasing CDS data to global regulators
  • Alston & Bird LLP
  • USA
  • March 25 2010

On Tuesday, the Depository Trust & Clearing Corporation (DTCC) issued a policy statement regarding the release of data contained in the DTCC Trade Information Warehouse (the “Warehouse”) on virtually all of the outstanding credit default swaps (CDS) traded globally, which includes approximately “2.3 million contracts from trading counterparties located in 52 countries” and “covering credit obligations of entities located in more than 90 countries around the world.”


Federal Reserve Bank of New York hosts meeting for market participants regarding OTC commitments
  • Alston & Bird LLP
  • USA
  • January 20 2010

Last week, the Federal Reserve Bank of New York (FRBNY) held another meeting for major market participants and their international and domestic supervisors to discuss progress made in improving the infrastructure of the over-the-counter (OTC) derivatives market


Congressman Peterson releases discussion draft of proposed legislation to regulate over-the-counter derivatives market
  • Alston & Bird LLP
  • USA
  • October 14 2009

Last Friday, Congressman Collin Peterson (D-MN), Chairman of the House Agriculture Committee, released a discussion draft of proposed legislation to strengthen the regulation of the over-the-counter (OTC) derivatives market


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 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


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.”