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Regulation

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  • Certain of the current proposals threaten to reduce or restrict the availability of customized risk management tools without contributing in any significant positive way to the Treasury's goals of reducing risk and ensuring financial stability. --Bob Pickel, executive chairman
  • Retail structured product sales in Taiwan are set to be thin next year as regulation targeting offshore banks has firms pulling back.
  • The pace of reform is expected to really pick up next year.
  • A European Parliament committee is working on a position paper on over-the-counter derivatives regulation.
  • The Securities Commission of Malaysia has stopped approving capital-protected unit trusts unless the issuers of those instruments have signed up four or more counterparties.
  • The International Brotherhood of Teamsters has contacted a dozen Street firms, from dealers to hedge funds, about what it believes are abuses relating to credit default swaps referencing distressed trucking company YRC Worldwide Inc. The union is also considering taking the matter to U.S. regulators.