What good is oversight when the transactions are out of the regulators jurisdiction?
Most other places have stricter derivatives trading than we do (places with the infrastructure to support derivatives trading). Germany just banned it outright. Also the CFTC has the authority to regulate trading done by foreign firms for US clients, just not the rules in place on derivatives.
Most other places have stricter derivatives trading than we do. Germany just banned it outright. Also the CFTC has the authority to regulate trading done by foreign firms on behalf of U.S. clients, just not the rules in place on derivatives.
Banque AIG should have been regulated by Comité des établissements de crédit et des entreprises d'investissement. As we saw...not well, with a $234.4 billion portfolio of this type of business.
Also refer to Basel II and the lower capitalisation requirements for these types of "hedged" transactions.
Overall, CFMA wouldn't have mattered, had it not passed legislation.
As part of President Obama's commitment to government transparency, we are providing records of White House visitors on an ongoing basis online. In December 2009, we will begin posting all White House visitor records for the period from September 15th onwards under the terms of our new voluntary disclosure policy. In addition, as part of our new policy, we will post records dating from January 20th that are specifically requested on an ongoing basis. For more information, read the White House blog post announcing the new policy.
More than 3.36 Million Records Released
September 27, 2013 3:30 PM
A new release of White House visitor records brings the grand total of records that this White House has released to more than 3.36 million.
The Visitor Records may take a few seconds to load.
The database is currently private.
"I absorb energy like a sponge everywhere I go. It allows me to see the world and my purpose in it." Zak Bagans, Ghost Adventures (INFJ)
Due to Congress’s failure to pass legislation to fund the government, the information on this web site may not be up to date. Some submissions may not be processed, and we may not be able to respond to your inquiries.
Gotta keep it fair and balanced.
Was it doing that before the government shut down? Honest question. Really. I'm not saying that's wrong or could never happen under normal circumstances, but you know, non-essential services are indeed not being funded right now.