Tuesday, 2 September 2014
Last updated 1 hour ago
Jul 19 2010 | 11:32am ET
President Barack Obama will sign the financial regulation overhaul on Wednesday, making the most sweeping rewrite of the country’s banking and securities legislation since the Great Depression.
The Dodd-Frank bill, named for its primary sponsors, Sen. Christopher Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), cleared its final legislative hurdle on Thursday when the conference bill—which hammered out the differences between the House of Representatives and Senate versions—passed the Senate. The bill creates a new regulatory system designed to avoid financial crises like that of 2008, and includes a watered-down version of the Volcker Rule, strictly limiting the amount banks can invest in hedge funds and private equity funds, and requiring alternative investments funds to register with and disclose more information to the Securities and Exchange Commission.
In an ironic twist, Obama will sign the bill at the Ronald Reagan Building and International Trade Center in Washington, D.C. During his eight years in the White House, Reagan began a major series of deregulation measures.
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 ...