Tag Archive: derivatives

JPMorgan not alone

by Nancy Watzman

investigations

May 15, 2012 10:12 am

With the news focused on JPMorgan Chase & Company's $2 billion "mistake" and company's lobbying campaign at financial agencies to permit the sort of trades that led to the loss, it's worth reviewing some other examples where industry have pushed hard to limit the reach of the Dodd-Frank financial law, arguing as JPMorgan did against a heavy hand because they could handle the risk.

The emphasis is on "some:" the list really is much longer. The law famously set in motion more than 220 rulemakings of which just under a third have been completed. Dominating the dockets of ...

Big business seeks exemption from derivatives rules

by Nancy Watzman

investigations

Mar 16, 2011 1:29 pm

Some of Washington’s most powerful trade associations and big corporations are pushing to get an exemption from derivatives regulations mandated by the Dodd-Frank financial law—and House Republicans are planning to introduce legislation to do just that.

Under the umbrella of an ad hoc coalition, known as the Coalition for Derivatives End-Users, which is run by the U.S. Chamber of Commerce, the National Association of Manufacturers, and the Business Roundtable, among others, the coalition first weighed in during the debate over the financial law.

Since the law’s passage, the coalition has also been presenting its case with ...

Industry Group Launches Astroturf Study On Derivatives Prior to Committee Hearing

by Paul Blumenthal Feb 15, 2011 11:08 am

The House Financial Services Committee is currently holding a hearing on the implementation of new rules for the trading of... View Article

Finance regulator crafts new derivatives rules with outside help

by Paul Blumenthal Oct 7, 2010 10:32 am

The Commodity Futures Trading Commission (CFTC) has been tasked, along with the Securities and Exchange Commission (SEC), with setting new... View Article

Conference committee members seek loopholes, receive high percentage of finance contributions

by Paul Blumenthal Jun 17, 2010 12:36 pm

Four key lawmakers on the financial reform conference committee are seeking to create loopholes in the so-called Volcker Rule and... View Article

Why apply transparency to lobbying?

by Paul Blumenthal May 6, 2010 12:46 pm

Multiple stories point to a huge lobbying effort on the part of the financial industry as the Senate debates reform... View Article

Revolving Door From Capitol Hill to Big Banks

by Paul Blumenthal Apr 28, 2010 5:53 pm

Concerned about seeing their huge profits cut, six big banks are leading the charge to weaken or block new financial... View Article

Is Ben Nelson At It Again?

by Paul Blumenthal Apr 27, 2010 10:56 am

Despite the fall-out from the Cornhusker Kickback in the health care reform debate, Sen. Ben Nelson is, at best, creating... View Article

Sen. Lincoln’s proposed reform moves to the Senate floor for debate

by Ryan Sibley

investigations

Apr 21, 2010 2:32 pm

The financial reform legislation regarding derivatives voted 13-8 out of the Senate Agriculture Committee this morning and on to the Senate floor. It’s intended to fend off any future government bailouts and prohibit the risky behavior banks participate in that caused the 2008 financial meltdown. But of course, the very organizations that these new laws will affect are using their money and expertise to influence the lawmakers in charge of making reform happen.

The proposed bill, introduced by Sen. Blanche Lincoln, D-Ark., is planned to be folded into the bill Sen. Chris Dodd, D-Conn., proposed this week on financial ...

Senate Agriculture Committee Members Pull In Finance Contributions

by Paul Blumenthal Apr 21, 2010 11:59 am

The Senate Agriculture Committee will take up a bill to regulate trading in derivatives in a markup today. The committee... View Article

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