Tag Archives: Senate

Sen. Lincoln To Exempt Community Banks From Swaps Spinoff Bill (Wall Street Journal)

Senator Lincoln is backing down slightly from originally proposed derivatives amendment.  Its still far from reality in my opinion, but we’re getting there. “The fact the [legislation] is so broad-reaching may cause problems for small banks that already have capital constraints and are also not budgeting for the legal ramifications of this,” said Kevin McPartland,… Read More »

Industry Looks To House, Regulators (Derivatives Week)

Doesn’t sound like anyone is particular excited about the bill passed last week in the Senate.  Even only half of the Senate (the Democrats) seems to like the final product.  My comments in the article: Some industry professionals believe Sen. Blanche Lincoln’s provision requiring banks to spin off their swaps desks will get kicked out… Read More »

Dodd Broadens Major Swap Player Definition (Derivatives Week)

We should get much more information about the Senate’s view on OTC derivative reform on Friday when the first amendment to the bill is expected.  In the meantime: While most derivative pros did not expect the broader definition in Dodd’s revised bill, they believe the Reed-Gregg amendment will focus heavily on exemptions. “The way it… Read More »