Tarullo advises against de-regulation

Federal Reserve governor Daniel Tarullo warns against a US deregulatory push as memories of financial crisis are still fresh

CFTC’s Giancarlo dismisses March derivatives deadline

CFTC commissioner warns that new rules are undermining uncleared derivatives trades and draining liquidity from secondary markets

Dodd-Frank reforms having mixed impact on credit availability

Mixed evidence that Dodd-Frank is restraining credit availability, says Government Accountability Office

Massad steps down from CFTC, Clayton to head SEC

Timothy Massad has resigned from the Commodity Futures Trading Commission, while Jay Clayton is named to take over at the Securities and Exchange Commission

Fitch: not much mileage in Choice Act for US G-SIBs

US globally systemically important banks are unlikely to gain much under the proposed Financial Choice Act when the extra levels of capital required are considered

CFTC to access HFT sources code without subpoena

High-frequency traders with have to submit their codes to regulators on demand, and will now require a subpoena to produce them.

Cutler appointed to FINRA board of governors

JPMorgan lawyer Stephen Cutler appointed as a governor at the Financial Industry Regulatory Authority (FINRA).

Mervyn King

Leverage ratios don’t necessarily reduce risk, finds OFR

Could leverage ratios inadvertently incentivise greater risk taking? A study of US broker-dealers by the Office of Financial Research comes up with some interesting insights. By Justin Pugsley.

US Fereral Reserve

Watered-down US digital legal requirements are a lost opportunity

By watering down final rules on contract data, which are crucial for the orderly resolution of failing firms, US authorities have missed an opportunity to drive greater digitisation within the industry. By Akber Datoo, managing partner, D2 Legal Technology. 

Mike Pence

Keep an eye on Mike Pence for regulatory clues

The Trump administration could radically reform US financial regulation – and the real powerbroker behind the process is likely to be vice president Mike Pence.

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