Probe of Libor Scandal Set by British Parliament
An investigation into the rigging of Libor has been set by the British Parliament as the City of London worries that its reputation as the world’s top financial center has been damaged beyond repair.
The Client. The Client. The Client.
The last words of General of the Army Douglas MacArthur’s farewell speech at West Point went like this: “…when I cross the river, my last conscious thoughts will be of the Corps, the Corps, the Corps.”
Lawmakers Probe Regulators Over Volcker Rule Proposal
Lawmakers took regulators to task on Wednesday over their proposal to implement Section 619 of the Dodd-Frank Act, commonly referred to as the Volcker rule, citing the proposed rule’s complexity as well as its costs.
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money Is
The former CEO of now-bankrupt MF Global says he was ‘stunned' to learn about the missing $1.5 billion in client funds at commodities broker-dealer.
Senators Bash CFTC’s Gensler Over MF Global Collapse
Senate lawmakers took Gary Gensler, chairman of the CFTC, to task over failed brokerage firm MF Global and his decision on Nov. 5 to recuse himself from investigating the firm.
At MF Global Hearing, Tough Questions Await CFTC’s Gensler
A House Financial Services panel has scheduled a Dec. 15 hearing to delve into the collapse of brokerage firm MF Global, with Gensler called to address oversight of the failed firm by Dec. 7.
CFTC Set to Review Two Proposed Rules
The Commodity Futures Trading Commission plans a public review next week of two proposed rules as it implements the requirements of the Dodd-Frank law's timetable.
Trader Pleads Guilty to Threatening Securities Officials
Vince McCrudden, a former money manager and commodities trader, on Monday pleaded guilty to charges that he threatened to kill more than 40 financial regulators, including Mary Schapiro, head of the SEC.
CFTC Toughens Rules; One Takes Aim at Fraud
Working to finalize close to 50 rules, the Commodity Futures Trading Commission approved five on Thursday, including one designed to combat fraud and manipulation.
Rep. Garrett Prods CFTC's Gensler on Dodd-Frank Derivatives Rules
Garrett, chair of House Capital Markets subcommittee, asks CFTC chair to reply to extensive list of 12 questions by June 10.