AFR Statement on Approval of New Derivatives Rules
AFR released a statement regarding the approval of new derivatives rules by the CFTC and the SEC.
AFR in the News: In New Rules to Shine Light on Derivatives, Regulators Also Allow Exemptions
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
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
Tell Congress It Is Time to End Conflicts of Interest at the Federal Reserve
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 on CFTC Guidance on Cross Border Derivatives
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 Conference: Principal Reduction and the Economy
AFR along with Campaign for a Fair Settlement, ESOP, National Community Reinvestment Coalition, and New Bottom Line hosted a conference to discuss principal reduction.
Press Briefing: Financial Industry Support for Financial Speculation Taxes
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.
AFR Conference: Principal Reduction and the Economy TODAY June 28
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 Letter: Oppose House Appropriations Proposal to Cut Funding for the CFTC
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.)
Financial Professionals Call for Speculation Taxes on Financial Transactions
A group of about 50 financial professionals today released a letter in support of speculation taxes on financial transactions.