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New contracts cannot yet be traded in US
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  • The stark divide between regulators and major derivatives dealers was palpable this morning at the International Swaps and Derivatives Association’s annual meeting in San Francisco, when ISDA officials’ comments clashed with those of Neal Wolin, deputy secretary of the U.S. Treasury.
  • The U.S. Securities and Exchange Commission has launched an investigation into the mutual fund use of derivatives.
  • Three top executives of Goldman Sachs and the trader at the center of the fraud charges filed by the U.S. Securities and Exchange Commission reportedly have answered the call for them to appear before a Senate panel next Tuesday.
  • Morgan Stanley is not part of the U.S. Securities and Exchange Commission’s investigation of collateralized debt obligations, according to Ruth Porat, the investment bank’s cfo.
  • Theodor Lubke, s.v.p. at the Federal Reserve Bank of New York, said he supports trading credit default swaps on exchanges, but also believes there should be exemptions.
  • Lehman Brothers Holdings has asked the U.S. Bankruptcy Court in New York to approve an agreement that settles unresolved swap issues with Millennium Management.