We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 30

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


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


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


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


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


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


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 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


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