Inside these posts: Swaps

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Bank regulators propose swap rules

Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks, under a proposal issued by U.S. bank regulators on Tuesday. Get the full story »

Sara Lee credit default swaps up on possible bid

From Bloomberg News | Credit-default swaps on Sara Lee Corp. climbed to a record following a report that buyout firm Apollo Global Management LLC teamed up with investor C. Dean Metropoulos to consider a bid for the company.

CME sees jump in swaps clearing later this year

CME Group, which began clearing interest-rate swaps in October, expects a jump in business this year after a U.S. legislative mandate on clearing goes into effect, a CME executive said on Monday. Get the full story »

Official: CFTC needs ‘Plan B’ for swaps rules

The Commodity Futures Trading Commission needs to consider a “Plan B” on how it will police the $600 trillion swaps market if Congress fails to deliver a 50 percent increase in its budget, one of its top officials said Monday. Get the full story »

CME rival gets capital injection, eyes U.S. swaps

ELX Futures said on Thursday its stakeholders recently injected “many millions of dollars” into the small U.S. Treasury futures exchange to help it expand to incorporate over-the-counter swaps and other products.

Neal Wolkoff, chief executive of the year-and-a-half-old market which is trying to take on futures giant CME Group Inc., said they did this in the last 10 days. He called it “a generous amount of money,” but did not say how much. Get the full story »

CFTC’s Sommers: Position limit rule likely for Dec.

The U.S. futures regulator is unlikely to unveil its new proposal to limit speculative positions until December, a top official of the Commodity Futures Trading Commission told Reuters on Wednesday. Get the full story »

Swaps clearing process clears first CFTC hurdle

The Commodity Futures Trading Commission on Tuesday approved a proposal to establish a process for deciding which swaps or class of swaps should be submitted to clearinghouses.

The proposal, approved  5-0, will be published for comment. A second vote is needed to implement it. Get the full story »

CFTC’s Gensler sees real-time swaps reports in year

The head of the U.S. futures regulator said Tuesday that mandatory real-time reporting of swaps trades, a key measure to promote market transparency, could begin as early as September 2011.

Gary Gensler, Chairman of the Commodity Futures Trading Commission, has been reluctant to provide details or a timetable for new rules to oversee the swaps markets until recently, but his latest remarks offered some early insight on the agency’s direction. Get the full story »

U.S. House’s tougher clearing rules a ‘win’ for CME

The U.S. House of Representatives team negotiating derivatives reforms is attempting to tighten a debated loophole that would allow some companies to avoid new rules for the $615 trillion over-the-counter market, according to a document obtained Wednesday.

House negotiators offered a new approach to the so-called “end-user exemption” provided to manufacturers and other non-financial companies who want to avoid the extra costs associated with clearing and trading swaps — one of 110 changes proposed to the derivatives section of the bill as a Thursday deadline looms. Get the full story »