Wall Street’s biggest lobbying groups banded together to sue the Commodity Futures Trading Commission, seeking to curb the overseas reach of its rules and rein in a regulatory barrage by its departing Chairman Gary Gensler.
Wall Street is suiting up for a battle to protect one of its richest fiefdoms, the $592 trillion over-the-counter derivatives market that is facing the biggest overhaul since its creation 30 years ago.
A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to participate in the biggest sovereign-debt restructuring in history.
Martha Haines says she was powerless at the Securities and Exchange Commission to prevent banks from selling derivatives to state and local governments that cost taxpayers billions of dollars -- mostly in penalty fees to Wall Street -- during the worst financial crisis since the 1929 Crash.
Conrad Voldstad, the first head of JPMorgan Chase & Co.’s global swaps group and a member of the team that liquidated Long-Term Capital Management LP, was named chief executive officer of the International Swaps and Derivatives Association, replacing Robert Pickel.
Conrad Voldstad, the first head of JPMorgan Chase & Co.’s global swaps group and a member of the team that liquidated Long-Term Capital Management LP, was named head of the body that sets standards for the $605 trillion derivatives market as it faces regulation for the first time.