In New Rules to Shine Light on Derivatives, Regulators Also Allow Exemptions New York Times By Ben Protess July 10, 2012 The rules, stemming from the Dodd-Frank financial regulatory law, will give regulators more control over the $700 trillion derivatives industry, an opaque business that was
AFR Statement on Barclay’s LIBOR Manipulation The finding that Barclays manipulated LIBOR rates, as well as the news that other major banks are under investigation for similar actions, is another vivid demonstration of why we cannot trust the banks to govern themselves. These actions demand
With estimates of JP Morgan’s trading losses now climbing as high as 9 billion there have been increasing calls for Jamie Dimon to resign from the board of directors of the New York Federal Reserve. It is indeed outrageous that Dimon is on the board of
AFR Statement Regarding CFTC Guidance On Cross Border Derivatives On Friday June 29th the CFTC released a critical guidance on cross border derivatives transactions. This guidance makes clear the Commission’s intention to ensure that foreign affiliates of U.S. banks comply with the new derivatives protections
AFR along with Campaign for a Fair Settlement, ESOP, National Community Reinvestment Coalition, and New Bottom Line hosted a conference to discuss principal reduction.
AFR held a conference call briefing on the financial industry support for financial speculation taxes. Click here to see a summary of the discussion, read a letter from more than 50 financial professionals showing their support for the tax, and listen to the audio from the call.
PRINCIPAL REDUCTION AND THE ECONOMY June 28, 2012 2:00 – 5:00 PM Economic Policy Institute, 1333 H Street NW, Washington DC Presented By: Americans for Financial Reform Space is limited, please RSVP to AFRPrincipalReduction@gmail.com According to recent estimates, almost a third of U.S.
AFR sent a letter to the hill urging members of Congress to oppose the House Appropriations Committee’s proposal to cut sorely needed funding for the Commodities Futures Trading Commission (CFTC.)
A group of about 50 financial professionals today released a letter in support of speculation taxes on financial transactions.
Conference Call Briefing Financial Industry Support for Financial Speculation Taxes Financial professionals will discuss how transaction taxes would help put the brakes on Wall Street’s speed demons Thursday, June 21, 10:00am EDT Listen to the recording of the call here. Washington, DC – Americans for