Items Tagged with 'Commodity Futures Trading Commission'


  • CFTC looks to regulate high-speed trading

    Seeks public input
    The Commodity Futures Trading Commission is seeking the public’s input on more than 100 questions about dozens of proposed ways to control risks. It revolves around technology that allows for many more trades to be made much faster, in an effort to build more of a regulatory framework around the system.
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  • FDIC's Bair Urges US Regulation on Global Issue

    Federal Deposit Insurance Corp. (FDIC) chairwoman Sheila Bair today asked a Senate committee on banking to consider a government regulatory framework to monitor global, systemic financial institutions considered "too big to fail." Bair argued the implementation of Basel II by financial institutions led to procyclicality (not an uncommon claim) and these firms should be subject to higher capital buffer requirements and stricter prompt corrective action under US law.
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  • Bair Appoints FDIC General Counsel

    Federal Deposit Insurance Corp. chairman Sheila Bair appointed Michael Bradfield the agency's new General Counsel. The appointment was unanimously approved by the FDIC Board of Directors and became effective today. The FDIC General Counsel is in charge of the legal division, which is responsible for legal work on regulatory issues, as well as FDIC transactions, litigation, and corporate and commercial claims.
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  • Citigroup and JP Morgan Suspend Foreclosures

    Both Citigroup Inc. [stock C][/stock] and JP Morgan Chase [stock JPM][/stock] announced Friday they have enacted temporary foreclosure moratoriums. The news comes one day after House Financial Services Committee chairman Barney Frank and the Office of Thrift Supervision urged financial institutions to halt foreclosures, until lawmakers have had time to hash out the details of a "comprehensive" plan to address the housing crisis.
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  • Obama Selects Tarullo for Open Fed Seat

    President-elect Barack Obama nominated Georgetown University Law Professor and former Clinton administration official Daniel Tarullo to an open seat on the Federal Reserve's Board of Governors Thursday morning at a Chicago news conference.
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  • On the Housing Crisis: Time to Stop the Bleeding, Bair Says

    Enough is enough, suggested Federal Deposit Insurance Corp. chairman Sheila Bair before an audience at the New America Foundation conference. "[W]e're still very much behind the curve," in modifying loans to prevent foreclosures, she said.  "We need a fast-track, nationwide effort." Critics say we can end the housing crisis without modifying troubled mortgages -- call that a "myth," Bair said.  "Unnecessary foreclosures are a very serious threat to a housing recovery."
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  • FDIC's Bair Pushes Loan Modification Program

    The U.S. can prevent 1.5 million foreclosures at a taxpayer cost of $24 billion, Federal Deposit Insurance Corp. chairman Sheila Bair said Tuesday in remarks before Congressional leaders, as she continued to push the FDIC's recent proposal for mass loan modifications for troubled borrowers.
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