Reforms

The U.S. House of Representatives late Wednesday voted out the conference report calling for sweeping financial regulatory reforms, including regulation of the over-the-counter (OTC) derivatives market for the first time. But the fate of the reform package in the Senate remains uncertain (see Daily GPI, July 1).

The House was poised to vote out possibly as early as Wednesday evening legislation calling for sweeping financial regulatory reforms, including regulation and transparency of the over-the-counter (OTC) derivatives market for the first time. Passage of the bill in the Senate, however, wasn’t expected to be as easy.

Producers will save up to C$170 million (US$160 million) due to the first step alone in a planned series of reforms to Alberta natural gas and oilfield regulation, the provincial energy department predicts.

Producers will save up to C$170 million (US$160 million) due to the first step alone in a planned series of reforms to Alberta natural gas and oilfield regulation, the provincial energy department predicts.

Among the reforms for the world’s ailing financial system, there should be an efficient system of sharing market surveillance information among U.S. agencies such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Treasury, SEC Chairman Christopher Cox told a congressional committee recently.

Among the reforms for the world’s ailing financial system, there should be an efficient system of sharing market surveillance information among U.S. agencies such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Treasury, SEC Chairman Christopher Cox told a congressional committee last week.

FERC last Thursday issued a package of reforms that offer regulated companies a window into the agency’s enforcement process, as well as provide potentially targeted companies with more rights in the enforcement process.

FERC Thursday issued a package of reforms that offer regulated companies a window into the agency’s enforcement process, as well as provide potentially targeted companies with more rights in the enforcement process.

FERC last Thursday finalized a series of reforms to its market-based rate program that seek to shield consumers from the exercise of market power by electric power sellers.