News Source: Xtra News
| about 1 month ago
A key US congressional panel voted Thursday to regulate, for the first time, the titanic market in derivatives, complex financial instruments blamed for much of the global financial meltdown. The House of Representatives Financial Services, by a 43-...
News Source: Turks and Caicos Free Press
| about 1 month ago
A key U.S. congressional committee approved new rules for the largely unpoliced $450-trillion derivatives market on Thursday in a win for the Obama administration. The House of Representatives Financial Services Committee voted 43-26, largely on...
News Source: Bradenton Herald
| about 1 month ago
Either tax provision would provide a major chunk of the effort's $900 billion, 10-year price tag. We're at a critical juncture with regard to health care reform, and we're doing our utmost to help shape the bill."...This year, unions have supplied...
News Source: Macleans
| about 1 month ago
House of Representatives' panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman Brothers and nearly toppled American International Group. The 43-26...
News Source: Los Angeles Times
| about 1 month ago
A House committee today approved a key piece of the Obama administration's plan to overhaul financial regulations, establishing new requirements for the largely unregulated world of over-the-counter derivatives. The House Financial Services Committee...
News Source: Asian Wall Street Journal
| about 1 month ago
The House Financial Services Committee Thursday approved landmark over-the-counter derivatives legislation that closely tracks the Obama administration's proposal by moving some products traded by financial institutions onto exchanges or electronic...