Forex.com, via a blogger at ZeroHedge, caused an internet frenzy early this week when they sent notices to customers that, as of July 15th, they would no longer offer retail over-the-counter precious metal trading. These bespoke spots were placed under CFTC jurisdiction by the Dodd-Frank Wall Street Reform...
The Office of the Comptroller of the Currency (OCC) issued a proposed rule today to push forward on Dodd-Frank compliance. Dodd-Frank regulations, which are slated to come into effect this July, require that the OCC take over the Office of Thrift Supervision (OTS). The proposed rule sets up a protocol to...
Bank of Japan policy makers are prepared to consider expanding an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. “Should a rise in the yen threaten to damp corporate and consumer sentiment and exacerbate...
The CFTC and SEC recommended legislation that would expand their authority over foreign exchanges that offer access to U.S. investors. Excerpt: “Under the SEC approach foreign exchanges wishing to engage in a securities business in the United States must comply with the registration requirements under...
