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Regulation

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  • The European Securities and Markets Authority has agreed on the final rules for the risk management and calculation of global exposures for structured UCITS funds.
  • Standard & Poor’s today laid partial blame for its revised negative outlook on long-term U.S. debt at the feet of the government’s holdings of Freddie Mac and Fannie Mae mortgages.
  • Speculative commodity derivatives are causing volatility in oil prices, which is leading to continued global economic instability, a high-ranking official from the Reserve Bank of India told the International Monetary and Financial Committee on Friday in Washington, D.C.
  • European pension schemes may be exempt from derivatives regulations just as corporations will be, according to Kay Swinburne, member of the European Parliament’s Committee on Economic and Monetary Affairs.
  • Republican members of the House of Representatives plan to introduce legislation that would delay the deadline for regulations from July until December 2012.
  • An increased level of intrusion by financial service regulators may not necessarily lead to more effective supervision, according to Eraj Shirvani, a board director at the International Swaps and Derivatives Association and head of fixed income for Europe, Middle East and Africa at Credit Suisse.