U.S. Secretary of State John Kerry, Treasury Secretary Jacob J. Lew and Attorney General Eric Holder today followed President Barack Obama’s decision to refuse a portion of his salary to show solidarity with furloughed government workers.
Freddie Mac stopped making investments in derivatives known as inverse floaters last year after a regulatory exam raised questions about the mortgage company’s controls, the Federal Housing Finance Agency said.
Derivatives clearinghouses owned by CME Group Inc. and Intercontinental Exchange Inc. have been designated systemically important by U.S. regulators, moving them closer to heightened supervision under the Dodd-Frank Act.
Divisions at the U.S. Securities and Exchange Commission could prompt a panel of regulators from other agencies to intervene in a debate over strengthening rules governing the $2.6 trillion money-market fund industry, three people familiar with the situation said.
OCC, an organization that clears and settles all trades on U.S. options exchanges, has been designated by U.S. regulators as systemically important to the financial system, according to spokesman Jim Binder.
Treasury Secretary Timothy F. Geithner has challenged bankers to give him specifics on their longstanding complaint that the Dodd-Frank Act is imposing costly, confusing and burdensome regulations on them, according to four people familiar with the matter.