The U.S. is trying to monitor the kinds of transactions that contributed to the 2008 financial crash, and subsequent recession, but the effort has shot itself in the foot, all for lack of a data standard. The Commodity Futures Trading Commission has been tasked with oversight of credit default swaps, but their attempts to define a standard for reporting in this previously unmonitored market have not worked out as planned.
Continue readingDodd and Frank asked to repeal FinReg FOIA exemption
The Sunlight Foundation joined ten organizations today in expressing concern over a provision of the Wall Street Reform and Consumer... View Article
Continue readingNew Financial Regulations and Read the Bill
Two days ago, President Obama announced his plan for new regulations to police the financial industry in the wake of... View Article
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