Top Interest Rate Headlines 10-08-10: Opposing View On Markets: SEC, CFTC Weighing Safeguards

Opposing view on markets: SEC, CFTC weighing safeguards
By Mary L. Schapiro and Gary Gensler, USATODAY.com
The missions of the Securities and Exchange Commission and the Commodity Futures Trading Commission are to protect investors and ensure our derivatives and securities markets are as fair, transparent and efficient as possible. Both agencies have been engaged in a comprehensive review of the structures of our markets to determine how we can improve the way they work.
http://jlne.ws/9E00z4  

ECB member: Learn lessons of pre-crisis decade
By Ronald D. Orol, MarketWatch
Global policy makers have a lot to learn from the decade before the financial crisis that shook the economy to the brink in September 2008, a key central banker said Friday. 
http://jlne.ws/9ab6dD


Why interest rates are going nowhere fast
Globe and Mail
Bank of Nova Scotia expects short-term borrowing costs to remain at ultra-low levels well into next year as the global economy moves into a "slower lane of growth."
http://jlne.ws/dypvIX

Employers in U.S. Cut More Jobs Than Forecast in September
By Timothy R. Homan, Yahoo! Finance
The U.S. lost more jobs than forecast in September, reflecting a decline in government payrolls that shows the damage being done by rising fiscal deficits.
http://jlne.ws/bbumxk


EU Regulators Propose Tougher Bonus Caps
BY SARA SCHAEFER MUÑOZ, WSJ.com
The Committee of European Bank Supervisors settled a dispute over new bank-compensation rules in Europe by taking a tougher stance on how much of a bankers' bonus can be paid in cash up front, rejecting pressure from the U.K. and other countries that had sought to water down the rules.
http://jlne.ws/96fmZm

FDIC May Seek More Than $1 Billion From Failed-Bank Executives
By Phil Mattingly, Bloomberg
The Federal Deposit Insurance Corp. has authorized lawsuits against more than 50 officers and directors of failed banks as the agency aims to recoup more than $1 billion in losses stemming from the credit crisis.
http://jlne.ws/aB5I3b

Banks Back from the Brink: Could New Financial Regs Derail the Banking Industry?
Most banks are doing well, but uncertainty surrounding the Dodd-Frank banking regulations may hinder future growth.
http://jlne.ws/dxShAz

CFTC to Review Computer Trades Behind May 6 Stock Plunge for Swaps Reform
Bloomberg
The U.S. Commodity Futures Trading Commission will examine how computerized trading that led to the May 6 stock market plunge should affect regulatory reform of the derivatives market mandated by the Dodd-Frank Act, according to an e-mailed statement from the CFTC.
http://jlne.ws/9WILCk

Bankers May Get 25% of Bonuses in Immediate Cash Payouts Under EU Proposal
By Ben Moshinsky, Bloomberg
Bankers may get a quarter of their bonuses in immediate monetary payouts under rules proposed by European Union regulators, which would allow as much as half of overall awards to be paid in cash rather than shares.
http://jlne.ws/8ZQxEx

Non-Bank Companies Poised for Fed Scrutiny on Systemic Risk
Bloomberg
It has the makings of a Wall Street parlor game: Guess which firms will be designated for Federal Reserve oversight because they could pose a risk to U.S. financial stability.
http://jlne.ws/dkgK2q

Expert Warns Banks More Exposed to Derivatives Now Than in 2008
Finance Technology Network
Could banks really be more exposed to derivatives than they were two years ago? That's what Harold Bradley, the chief investment officer for the Kauffman Foundation contends in a discussion on CNBC with Maria Bartiromo and Herb Greenberg.
http://jlne.ws/aLIOCq

Trichet on 'Battlefield' Edge as Euro Climbs to $1.40
BusinessWeek
European Central Bank President Jean- Claude Trichet is bucking the global push toward easier monetary policy, fueling the euro's advance just as finance chiefs convene in Washington amid concern of a "currency war."
http://jlne.ws/dsJikR

France to seek G20 global monetary overhaul
By Jan Strupczewski and David Lawder, Reuters
France will start talks on overhauling the global monetary system during its G20 presidency to improve policy coordination and stem capital flows distorting exchange rates, Economy Minister Christine Lagarde said on Thursday.
http://jlne.ws/9NAvdV

Brussels urged to 'fine-tune' Basel III rules
By Nikki Tait in Brussels, FT.com
European lawmakers are urging European Union policymakers in Brussels to "fine-tune" the new Basel rules on bank capital, which were agreed internationally last month, when applying them to EU institutions.
http://jlne.ws/9DT8eb

TARP a 'Four-Letter Word' for Voters Even as Bailout Cost Estimates Plunge
By Brian Faler
Senator Mark Begich tries to give his Alaska constituents the good news about the bank bailout.
http://jlne.ws/cKiAnn