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‘Ether is a commodity,’ says CFTC Chairman Heath Tarbert
In a conversation with Yahoo Finance, CFTC Chairman Heath Tarbert discusses bitcoin, cryptocurrencies and regulation. He announces that the agency considers ether a commodity that falls under its jurisdiction.…
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Federal Reserve Gives Large Banks a Break on Post-Crisis Rules
By Andrew Ackerman
October 10, 2019, The Wall Street Journal
The Federal Reserve approved some of the most significant rollbacks of bank rules since President Trump took office, setting up …
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Wall Street throws doubt on mechanics of Fed’s plan to crank up balance sheet
By Sunny Oh
October 10, 2019, MarketWatch
Investors say the Federal Reserve’s plan to expand the balance sheet has a supply problem.
On Tuesday, Fed Chairman Jerome Powell said the …
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FCA official: stick with overnight rates for all new contracts
By Philip Alexander
October 9, 2019, Risk
The U.K.’s Financial Conduct Authority has urged banks to use backward-looking versions of overnight rates in all new contracts referencing risk-free rates (RFRs), …
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Federal Reserve drops toughening liquidity rules on foreign banks
By Kiran Stacey and Laura Noonan
October 10, 2019, Financial Times
U.S. banking regulators have dropped a proposal to subject local branches of foreign banks to tough new liquidity rules, …
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Powell’s Repo Remedy Leaves Money Markets Clamoring for Details
By Alex Harris and Emily Barrett
October 8, 2019, Bloomberg
Federal Reserve Chairman Jerome Powell has outlined a plan for boosting the level of bank reserves in the system, but …
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Muni market mostly pleased with fair dealing changes
By Sarah Wynn
October 9, 2019, The Bond Buyer
Municipal market participants are overall pleased with the Municipal Securities Rulemaking Board’s proposed changes to its fair dealing interpretive guidance, despite …
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Money Managers Gain Sway Over Muni Market
By Heather Gillers and Gunjan Banerji
October 9, 2019, The Wall Street Journal
A larger-than-ever share of municipal bonds is being managed by professionals, shaking up a market that has …
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Repo Rout Didn’t Have to Happen. Powell Is Trying to Avoid Rerun
By Alex Harris and Vivien Lou Chen
October 9, 2019, Bloomberg
Before the U.S. repo market went haywire in mid-September, there were persistent signals for about a year that something …
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Fed to Increase Supply of Bank Reserves
By Nick Timiraos
October 8, 2019, The Wall Street Journal
The Federal Reserve will soon increase its purchases of short-term Treasury securities to avoid a recurrence of the unexpected strains …
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