Hedge Funds Face Higher Capital Requirements Under Senate Bill (Bloomberg)

A tightening up of  end user exemptions would have more hedge funds falling under proposed capital requirements and OTC derivative clearing and execution mandates.  This…

Dodd Swaps Bill May Give Trading Edge to CME, ICE (BusinessWeek)

Since the OTC derivative reform debate began, Washington and Wall Street have argued about whether it makes sense to move certain OTC derivative products onto…

‘Stricter’ OTC Derivatives Bill Expected, Morgan Stanley Says (Bloomberg)

Turned out the Dodd bill published on Tuesday was a bit of a non-event for OTC derivatives reform.  Looks like the forthcoming amdendment from Sens.…

Bloomberg – Goldman Sachs Demands Derivatives Collateral It Won’t Dish Out

Between AIG and the push for central clearing of OTC derivatives, collaterals has become a pretty hot topic lately.  Yet again the focus is on…

Bloomberg – Fed Fails to Get Swap Users to Accept Clearinghouse Target

The buy side doesn’t want to commit to clearing targets, nor should they have to.  This is about reducing systemic risk, and arguably that comes…

Bloomberg – Goldman Tops JPMorgan as Best Broker as Speed Shakes Up Trading

Goldman’s technology and its access to a large pool of potential buyers and sellers help it to search for — and find — liquidity at the…

Bloomberg – Regulatory Budgets No Match for Banks in OTC Push, TABB Says

U.S. regulators will need budget increases “orders-of-magnitude larger” than current levels to police trades in the $592 trillion over-the-counter derivatives market, according to Tabb Group…