Trillion

The Commodity Futures Trading Commission (CFTC) plans to soon begin finalizing the proposed rules to oversee the multi-trillion dollar derivatives market in the United States, but it doesn’t believe it will be able to complete its work by the July deadline set by Congress.

The Senate Agriculture Committee Wednesday voted out amended legislation that would bring regulation for the first time to the $600 trillion opaque over-the-counter (OTC) derivatives market (see Daily GPI, April 21).

The Senate Agriculture Committee Wednesday voted out amended legislation that would bring regulation for the first time to the $600 trillion opaque over-the-counter (OTC) derivatives market (see Daily GPI, April 21).

Obama administration officials have put hurdles in the way of “meaningful” financial regulatory reform, which includes first-time regulation of the nearly $500 trillion over-the-counter (OTC) derivatives market, said a Republican senator Tuesday.

Obama administration officials have put hurdles in the way of “meaningful” financial regulatory reform, which includes first-time regulation of the nearly $500 trillion over-the-counter (OTC) derivatives market, said a Republican senator Tuesday.

The House Financial Services Committee last Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.

The House Financial Services Committee Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.

House Agriculture Committee Chairman Collin Peterson (D-MN) has released discussion draft legislation that seeks to reform the $580 trillion over-the-counter (OTC) derivatives market. It mirrors the draft proposal of the House Financial Services Committee in some respects but departs from it in others.

Economic and environmental factors should push global natural gas demand to more than 4 trillion cubic meters (Tcm) a year (141 Tcf/year) by 2030, according to a three-year study by the International Gas Union (IGU) issued last week at the World Gas Conference in Buenos Aires, Argentina.