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Results: 1-10 of 28

Senator Lincoln proposes alternate bank spinoff provision
  • Alston & Bird LLP
  • USA
  • June 15 2010

Senator Blanche Lincoln (D-NE), Chairwoman of the Senate Agriculture Committee, who advocated for a provision in the financial regulatory reform bill that would effectively force banks to spin off their derivatives trading businesses, has released a minimal term sheet modifying this provision


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.”


Senate Agriculture Committee holds hearing on OTC Derivatives Reform Addressing Systemic Risk
  • Alston & Bird LLP
  • USA
  • December 2 2009

Today, the Senate Agriculture Committee held a hearing entitled "OTC Derivatives Reform Addressing Systemic Risk," to discuss the Obama administration’s proposal and the various Congressional proposals for reform of the over-the-counter (OTC) derivatives market


Congressman Frank releases discussion draft of proposed legislation to regulate over-the-counter derivatives market
  • Alston & Bird LLP
  • USA
  • October 6 2009

On Friday, Congressman Barney Frank (D-MA), Chairman of the House Financial Services Committee, released a discussion draft of proposed legislation to strengthen the regulation of the over-the-counter (OTC) derivatives market


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


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 Agriculture Committee holds hearing on discussion draft of Financial Stability Improvement Act
  • Alston & Bird LLP
  • USA
  • November 18 2009

Yesterday, the House Agriculture Committee held a hearing to review the discussion draft of the Financial Stability Improvement Act of 2009 (the FSIA) released by the Treasury and the House Financial Services Committee in late October, which is still currently under mark-up by the House Financial Services Committee


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


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


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