Latest articles from Charles Piggott

SEC calls for dark pool disclosure

The US Securities and Exchange Commission has put forward proposals to increase transparency and regulatory oversight of alternative trading systems commonly referred to as dark pools.

Swaps push out repeal kept $10,000bn of swaps on banks’ books

The December 2014 repeal of the swaps push-out rule will allow banks insured by the Federal Deposit Insurance Corporation to keep derivatives worth an estimated $10,000bn on their books, according to two senior Democrat lawmakers.

O'Malia, Scott

Industry steps into derivative data void

Plans to create standard derivative product identifiers could form the missing plank in the G20's post-crisis push for transparency. By year end, the industry hopes to have a proposal for identifying credit, interest-rate and equity derivatives. 

Regulators ease final non-cleared swap margin requirements

Large federally insured banks that have major swap entities as affiliates are likely to benefit most from final rules on uncleared margin requirements adopted on October 22.

Nasdaq pilot allows investors to choose counterparty type

Nasdaq has launched a pilot allowing market participants to restrict resting orders to specific counterparty groups.


Clinton proposes HFT tax, tougher Volcker rule and big bank fee

Presidential candidate Hilary Clinton is proposing tougher post Dodd-Frank financial reforms.

New York regulator approves M&T-Hudson City merger

The New York State Department of Financial Services has joined the Federal Reserve Bank of New York in its approval of the long-delayed merger of M&T Bank Corporation and Hudson City Bancorp.


Democrats denounce back door attacks on Dodd-Frank Act

Senator Sherrod Brown and Representative Maxine Waters are urging Congress to reject further amendments to Wall Street reforms, particularly those attached to “must-have” funding bills.


Industry warns against double regulation of cross-border trades

Proposals from the Commodity Futures Trading Commission would see the US regulator retain control over all uncleared margin collected by US subsidiaries.

SEC proposes liquidity framework for mutual fund and ETFs

The US Securities and Exchange Commission has released rules to ensure mutual funds and exchange-traded funds remain liquid.