Thursday, 18 December 2014
Last updated 13 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.