Latest articles from Charles Piggott

SEC's Stein: consolidated audit trail still years away

Implementation of a key initiative that will give regulators access to high-speed market data is still years from implementation, Kara Stein, Commissioner of the US Securities and Exchange Commission, has told industry leaders.

Industry fights back growing pressure for megabank downsizing

Janet Yellen 167x96

Will the US Federal Reserve's latest proposal for proportionate regulation based on banks' systemic footprint and complexity help end the problem of banks deemed too big to fail?

JPMorgan's Dimon says Treasury flash crash is a 'warning shot'

New capital and liquidity rules have led to a drastic decrease in banks' market-making inventories, says JPMorgan Chase chief executive.

CFTC's Wetjen sees uses for Bitcoin-like protocols

Bitcoin-like protocols could help reduce risk in swaps markets, says commissioner of the Commodity Futures Trading Commission.

CFTC charges Kraft, Mondelēz with manipulation

The US Commodity Futures Trading Commission has filed civil charges of manipulating wheat prices against Kraft Foods Group and snack food giant Mondelēz Global.

Day trader flash crash allegations 'laughable' says leading HFT professor

Allegations that UK-based day trader Navinder Sarao helped cause the 2010 stock market flash crash have been dismissed as 'laughable' by one leading academic in high-frequency trading.

FDIC's Hoenig joins chorus advocating regulatory relief

Federal Deposit Insurance Corporation vice-chairman Thomas Hoenig has backed calls for regulatory relief including exemption from Basel's risk-weighted capital requirements, but only for banks that do not engage in trading or derivatives transactions.

Merge market regulators, urges Volcker

Former chair of the US Federal Reserve Paul Volcker has called for the merger of the US Securities and Exchange Commission and the Commodity Futures Trading Commission, and the abolition of the Office of the Comptroller of the Currency.

Lawmaker hits out at municipal bonds' treatment in liquidity ratio

A senior lawmaker has spoken out against the preferential regulatory treatment of corporate bonds as high quality liquid assets over municipal bonds.

‘Preferential treatment’ of corporate bonds criticised

A senior lawmaker has spoken out against the preferential regulatory treatment of corporate bonds as high quality liquid assets over municipal bonds.