WASHINGTON, Jan 24- Jill Sommers, a Republican, said on Thursday she is stepping down as a commissioner of the U.S. Commodity Futures Trading Commission, leaving the main U.S. derivatives regulator firmly in Democratic hands as it puts in place the last building blocks of a Wall Street overhaul.
WASHINGTON, Jan 23- Fiscal battles in Congress could prevent lawmakers from writing a new farm bill for weeks or months, prolonging disputes over farm subsidy reforms and cuts in food stamps for the poor that together could save up to $35 billion.
WASHINGTON, Dec 21- The top U.S. derivatives regulator on Friday granted foreign banks more time to meet new rules for swap trading, saying it would continue to fine-tune the regulation that has drawn the wrath of foreign regulators.
*Wall Street responds to concern by foreign clients over U.S. regulation. SINGAPORE, Dec 3- Wall Street banks are looking to help offshore clients sidestep new U.S. rules designed to safeguard the world's $640 trillion over-the-counter derivatives market, taking advantage of an exemption that risks undermining U.S. regulators' efforts.
CHICAGO, Nov 19- The U.S. grain industry says high speed computerized traders are disrupting their markets, but grain exchanges and regulators have no quick fix for the concerns, according to grain industry officials and traders.
WASHINGTON, Nov 16- Banks and other large market players that use certain derivatives to protect against currency fluctuations will be spared from the most costly new rules required by the 2010 Dodd-Frank Act, the U.S. Treasury Department said late Friday.
WASHINGTON/ CHICAGO, Nov 9- A lawsuit by U.S. exchange operator CME Group added to a groundswell of legal challenges facing regulators rewriting global financial rules, potentially opening up a new front in the fight over the reforms.
Nov 7- Barack Obama enters his second term as U.S. president facing a handful of urgent issues likely to affect commodity and energy markets. But it is his likely backing of a third term for Federal Reserve Chairman Ben Bernanke that may be most supportive for commodity markets, potentially favoring easier monetary policy in the years ahead.
LONDON, Nov 5- Stick, twist or fold? ``The total wallet back at the peak was about $14 billion for the banking sector in commodities trading. There were 10-14 banks when it was at $14 billion, now there are really five relevant ones,'' said David Silbert, who leads commodities trading at Deutsche Bank.
LONDON, Nov 5- Stick, twist or fold? ``The total wallet back at the peak was about $14 billion for the banking sector in commodities trading. There were 10-14 banks when it was at $14 billion, now there are really five relevant ones,'' said David Silbert, who leads commodities trading at Deutsche Bank.
CHICAGO, Nov 1- The big-bank dominated model for privately traded derivatives is broken and those in the futures business argue that the fix is in Chicago. The Libor revelations show that the banks have ``victimized'' buy-side firms. ``This is a transformational event.'' Going forward, ``I think the solution is going to be found in Chicago and the Chicago community.
CHICAGO, Oct 31- The U.S. Commodity Futures Trading Commission created major confusion earlier this month when it imposed, and then suspended, a key rule governing energy derivatives, a CFTC policymaker said on Wednesday.
CHICAGO, Oct 31- One of five policymakers on the U.S. Commodity Futures Trading Commission said on Wednesday that the CFTC fell down on the job earlier this month as it imposed, and then suspended, a key rule governing energy derivatives.
WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators granted a last-minute reprieve to CME Group Inc. By saying that a swathe of widely traded energy, metals and agricultural swaps would not be counted toward a threshold triggering costly new regulations until Dec. 31, the Commodity Futures Trading Commission brought relief to big traders like BP.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators granted a last-minute reprieve to CME Group Inc and big energy traders on Friday, giving them until the end of the year to convert billions of dollars in commodity swaps to futures contracts.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators granted a last-minute reprieve to CME Group Inc and big energy traders on Friday, giving them until the end of the year to convert billions of dollars in commodity swaps to futures contracts.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators brought last-minute relief to CME Group Inc and big energy traders on Friday, delaying new rules on tallying certain kinds of commodity swap trades until the year-end.
WASHINGTON/ CHICAGO, Oct 10- The top U.S. futures regulator said he would support appealing a court ruling last month that struck down his agency's attempt to place limits on speculation in commodity markets.