Thursday, 28 August 2014
Last updated 48 min ago
Jun 24 2010 | 12:00pm ET
The fate and form of the Volcker rule is one of only two unresolved issues in the massive U.S. financial regulation overhaul, as lawmakers work to get a final bill to President Barack Obama by July 4.
“Everything is in play right now as I’m trying to pull this together,” Sen. Christopher Dodd (D-Conn.) said of the talks over the Volcker rule, which could bar banks from the alternative investments industry and from proprietary trading.
Senators and representatives are trying to iron out the differences between the reform bills passed by each house of Congress. The 42-member committee is awaiting changes to the Volcker rule expected to be proposed by Dodd.
It is possible that the ban on sponsoring and investing in hedge funds could be weakened or done away with, leaving the rule barring only proprietary trading and owning hedge and private equity funds. Sen. Scott Brown (R-Mass.) is also pushing for an exemption from the rule for custody banks.
In exchange, Dodd may propose tougher language to eliminate the wiggle room granted to regulators under the current language of the rule.
Derivatives oversight is the other outstanding issue in the conference talks.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...