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From: "ISDA dailyLead" <isda@dailylead.com>
Date: Tue, 18 Nov 2014 07:41:49 -0600
To: <mainandwall@hotmail.com>
Subject: Senate committee examines banks' role in commodities
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Senate committee examines banks' role in commodities The Senate Permanent Subcommittee on Investigations is holding hearings this week to look into banks' ownership of aluminum, natural gas and oil. The Federal Reserve is poised to tighten regulation of the industry, and the Senate panel is set to hear from Fed Governor Daniel Tarullo. Reuters (11/17)  | How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make. |
 | Bank banks away from some CDS Deutsche Bank says it is scaling back trading of single-name credit default swaps, a move many have attributed to increased regulation and higher costs. "Everything has conspired against the success of the single-name CDS market, regulators chief among them," said Kevin McPartland, Greenwich Associates' head of market-structure research. Bloomberg (11/17), The Wall Street Journal (tiered subscription model) (11/17) Tullett zeros in on broker conduct by hiring HR chief Tullett Prebon, an interdealer broker, has established a position to better monitor employee conduct. Carrie Heiss has been appointed global head of human resources. She comes from derivatives broker Newedge Group, where she held the same title. Reuters (11/17) | CFTC's Giancarlo praises chairman Massad Commodity Futures Trading Commission Chairman Timothy Massad is easier to work with than predecessor Gary Gensler, says J. Christopher Giancarlo, the agency's sole Republican member. "In light of what came before, we are off to a very good start," Giancarlo said. MLex (subscription required) (11/17) ESMA sets consultation period for data improvement The European Securities and Markets Authority has set a three-month consultation period to improve trade-reporting data, which is crucial under the revised Markets in Financial Instruments Directive. ESMA has provided questions and answers on implementing changes and has proposed turning some changes into technical standards to ensure consistent reporting. MarketsMedia (11/14) | Click here to learn more about Featured Content       Introducing IQ: ISDA Quarterly ISDA Quarterly is the new, official magazine of ISDA. The launch of ISDA Quarterly continues ISDA's commitment to bringing members, industry regulators and other participants the best research and information about the over-the-counter derivatives market. ISDA Quarterly is available to all of our approximately 35,000 members, who represent every aspect of the OTC derivatives industry, and more than 30,000 nonmembers, including academics, policymakers, corporations, asset managers and other financial professionals. Advertising opportunities are available to promote your business to the OTC derivatives market. Learn more, or contact Shaun Greyling at 800-369-6220, ext. 3385, or sgreyling@naylor.com.
Spotlight: ISDA Resolution Stay Protocol and Recovery Resolution Directive The Resolution Stay Protocol half-day symposium offers an ideal opportunity to understand the protocol, interplay with resolution regimes and implications for market participants. ISDA developed the ISDA Resolution Stay Protocol in a working group of dealer and buy-side firms, working closely with home authorities and other Financial Stability Board members, in response to a request by regulators that ISDA provide a means for amending ISDA Master Agreements to incorporate contractual recognition of limitations on closeout rights under statutory resolution regimes, on a cross-border basis. The ISDA Resolution Stay Protocol symposium is scheduled Dec. 3 in New York and Dec. 10 in London.
Immediately after the Resolution Stay Protocol symposium in London, ISDA will run another half-day symposium on the Bank Recovery Resolution Directive. This symposium compliments the Resolution Stay Protocol symposium by providing deeper insight into principal elements of the cross-border resolution regime for financial institutions that is being introduced by the EU Bank Recovery and Resolution Directive and covers the principal impact of that cross-border resolution regime for derivatives trading and documentation. The Recovery Resolution Directive symposium is scheduled Dec. 10 in London.
The ISDA Resolution Stay Protocol opened for adherence Wednesday. |  | Man never made any material as resilient as the human spirit." -- Bernard Williams, British philosopher | | | | ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc. | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
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