Tuesday, 2 September 2014
Last updated 18 min ago
Feb 13 2014 | 11:05am ET
A banking industry group has dropped its lawsuit against U.S. regulators after the latter amended part of the Volcker rule barring community banks from holding trust-preferred collateralized debt obligations.
The regulators recently agreed to a narrow exception for the CDOs, and remain in talks with the American Bankers Association, it said yesterday. The group's president, Frank Keating, said it dropped the December litigation "to constructively engage with the regulators without the chilling impediment of pending litigation."
"The interim final rule has allowed many banks to avoid taking hundreds of millions of dollars in unnecessary write-downs and has helped minimize the cost and compliance burden for those that are affected," Keating added.
The Volcker rule is designed to limit bank risk, and, among other provisions, bars banks from proprietary trading and strictly constricts their alternative-investment activities.
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 ...