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 ...
Language in the so-called CRomnibus spending bill being debated in the Senate would undo a prohibition on FDIC-insured banks trading certain kinds of complex financial instruments. The provision may ...
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 ...
Swaps and other derivatives, blamed by some for causing the global financial crisis, have returned in a big but deceptive way. The Bank for International Settlements reports that the notional amount ...
Demanding Diversity Through Uniformity“Derivatives” have gone from being the hottest thing on Wall Street to being the hottest thing in Washington. Indeed, President Obama -- who mentioned them no ...
On 30 July 1998, Alan Greenspan, then Chairman of the Federal Reserve argued that: “Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.” On 30 July ...
Gretchen Morgenson, take note: this is how to write a good article about municipalities dabbling in derivatives. But the fact is that municipalities around the world have been ripped off by ...
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 ...
Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. In an attempt to close the gap, Dems have latched onto Toomey’s Wall Street past, ...
The days when large corporations refused to deal in what were seen as dodgy derivatives are long gone. Now, equity swaps, bespoke equity options and even volatility swaps are all used to hedge ...
Over at FT Alphaville, Craig Pirrong has a response to my concerns that OTC derivative regulation has major loopholes. Pirrong validates my worries as he also believes these loopholes are real, but ...
Equity derivatives offer retail investors another way to participate in the price action of an underlying security. The value of an equity derivative comes, at least in part, from the value of the ...