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Results: 1-10 of 28

Senate Agriculture Committee votes to approve derivatives bill
  • Alston & Bird LLP
  • USA
  • April 22 2010

Yesterday, after holding a markup this week, the Senate Committee on Agriculture, Nutrition and Forestry approved, by a 13-8 vote (with all Democrats and Republican Senator Chuck Grassley voting in favor), the Committee's draft over-the-counter (OTC) derivatives legislation that was unveiled late last week


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


Senior Supervisors Group releases report on management and settlement of credit default swaps
  • Alston & Bird LLP
  • USA
  • March 10 2009

Yesterday, the Senior Supervisors Group, which consists of the senior financial supervisors from the U.S., U.K., Canada, France, Germany, Japan and Switzerland, released a report entitled “Observations on Management of Recent Credit Default Swap Credit Events.”


SEC permits Chicago Mercantile Exchange to operate clearing entity for credit default swaps
  • Alston & Bird LLP
  • USA
  • March 18 2009

Late last week, the SEC announced its approval of conditional temporary exemptions to allow the Chicago Mercantile Exchange Inc. (CME) to operate as a central counterparty (CCP) to clear credit default swaps (CDS), based on a request for exemptive relief submitted by CME and Citadel Investment Group, L.L.C. (Citadel


CFTC Chairman Gensler proposes regulatory framework for derivatives at Senate hearing
  • Alston & Bird LLP
  • USA
  • June 5 2009

On June 4, 2009, the Senate Agriculture Committee held a hearing entitled "Regulatory Reform and the Derivatives Markets," at which Chairman Gary Gensler of the Commodity Futures Trading Commission (CFTC) proposed a comprehensive regulatory framework to govern over-the-counter (OTC) derivatives dealers and OTC derivatives markets, regardless of what type of derivative is traded currently or in the future and whether the derivative is standardized or customized


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


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


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.”


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