Persuaded that lax regulation of financial derivatives contributed to the 2008 financial crisis, policymakers in Congress and the Obama Administration have adopted a knee-jerk solution: regulate ...
The Federal Deposit Insurance Corp. found "shortcomings" in the resolution plans of three of the largest banks last week, and found Citigroup's resolution plan "deficient," all because of problems ...
Despite what Wall Street may have you believe, Congress needs to establish speed limits and traffic lights to improve derivative safety, write David Min and Pat Garofalo. Sen. Blanche Lincoln (D-AK) ...
Several members of the International Swaps and Derivatives Association (ISDA) have discussed initial “teething problems” following the implementation of swaps margin rules on 1 September. Scott ...
The biggest U.S. banks are likely to see little impact from a portion of the Dodd-Frank Act that seeks to constrain derivatives activity. In a report Tuesday, Fitch Ratings argues that the “swaps push ...
The $650 trillion derivatives market is a nightmare scenario waiting to happen. First problem: the size. It's 36 times the size of the U.S. GDP and over eight times larger than the world GDP, that is, ...
Kevin F. O’Toole, executive director of the Pennsylvania Gaming Control Board (PGCB), said in a letter to the state’s two U.S ...
A self-proclaimed Democratic socialist without a super PAC, Vermont senator Bernie Sanders has pretty much hinged his entire campaign on taking down Wall Street. He calls the economy "rigged," and he ...
Question/Comment: On the NewsHour tonight, the speaker stated that some the problem with the fall of Wall Street is related to use of derivatives and lack of regulation of this. Could you explain ...
So I want to get into that in a second, but let's go back and explain the Exxon deal, for instance, how that worked, how it functioned. What was the utility of the credit default swap in that case?