Street

CFTC Urged to Give ‘Concrete Direction’ on Dodd-Frank

The Commodity Futures Trading Commission’s (CFTC) latest proposals mandating compliance with the Dodd-Frank Wall Street Reform Act, which the agency voted out earlier this month, lack the detailed direction and guidance that traders need to make the transition to a regulated derivatives market, said CFTC Commissioner Scott O’Malia last Tuesday.

September 19, 2011

CFTC’s O’Malia Seeks ‘Concrete Direction’ for Derivatives Market

The Commodity Futures Trading Commission’s (CFTC) latest proposals mandating compliance with the Dodd-Frank Wall Street Reform Act, which the agency voted out last week, lack the detailed direction and guidance that traders need to make the transition to a regulated derivatives market, said CFTC Commissioner Scott O’Malia Tuesday.

September 15, 2011

Dodd-Frank Rules May Face Legal Challenge

Many of the regulatory reforms being implemented and proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act will be vulnerable to legal challenges if the Commodity Futures Trading Commission (CFTC) fails to conduct a “robust cost-benefit analysis” of the new rules, said CME Group last week.

September 5, 2011

Dodd-Frank Rules May Face Legal Challenge

Many of the regulatory reforms being implemented and proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act will be vulnerable to legal challenges if the Commodity Futures Trading Commission (CFTC) fails to conduct a “robust cost-benefit analysis” of the new rules, said CME Group Monday.

September 1, 2011

With XTO as ‘Enabler,’ ExxonMobil’s U.S. Reserves Soar

ExxonMobil Corp.’s oil and gas production volumes had languished before 2010, often in the single digits as the oil major failed to build a resource base to equal its profits. However, that changed last year with the purchase of U.S. shale king XTO Energy Inc. and was proved Thursday when ExxonMobil said its quarterly volumes were up 10% from a year ago.

July 29, 2011

Rules OK’d on Mandatory Swap Clearing, Credit Agency References

At the agency’s first meeting following the one-year anniversary of the sweeping Dodd-Frank Wall Street Reform Act, the Commodity Futures Trading Commission (CFTC) Tuesday overwhelmingly voted out three final rules aimed at reviewing swaps for mandatory clearing and removing references to credit agencies in CFTC regulations. Chairman Gary Gensler said end-users, which are exempt from clearing swaps, will not have to meet capital margin requirements.

July 20, 2011

ICE Conforms to Regulated Clearing Ahead of Dodd-Frank Deadline

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, will complete its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16.

July 18, 2011

ICE Conforms Ahead of Dodd-Frank Deadline

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, would have completed its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16 (see related story).

July 18, 2011

CFTC Postpones Derivative Rules for Six Months

With the July 16 deadline fast approaching for implementation of much of the sweeping Dodd-Frank Wall Street Reform Act, the Commodity Futures Trading Commission (CFTC) Tuesday agreed to postpone compliance with the new derivative law by at least six months to the end of the year.

June 15, 2011

Lights Out at FERC for Second Day

FERC’s doors were closed for a second day in a row Thursday due to a power outage that has affected the North Capitol Street corridor in Washington, DC, where the agency’s headquarters is located.

June 3, 2011