Saturday, 23 August 2014
Last updated 18 hours ago
Mar 15 2010 | 12:48pm ET
The head of the U.S. Senate’s Banking Committee will unveil a new comprehensive financial regulation reform bill today, one that does not include the controversial Volcker Rule.
Sen. Chris Dodd (D-Conn.) will offer his latest proposal weeks after abandoning efforts to reach an accord on financial reform with Republicans. Despite its exclusion of the Volcker proposals, which would bar banks from owning, investing in or sponsoring hedge funds or private equity funds, as well as from proprietary trading, the bill remains controversial and is likely to face a Republican filibuster.
While the bill does not include the hedge fund limits championed by President Barack Obama and former Federal Reserve Chairman Paul Volcker, it would force large hedge funds to register with federal regulators. It would also empower the Fed to force banks and other institutions to cut risk or bar certain trades and investments, which could eventually lead to restrictions similar to those proposed by Volcker.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note