The White House has announced its intention to nominate James Clinger, the chief counsel for the House of Representatives committee on financial services, to be a director at the Federal Deposit Insurance Corp. (FDIC). Additionally, the plan is for Clinger, whose nomination will require Senate confirmation, to become chairman of the FDIC for a five-year… Read More >>
Ops Issues Lost in the Horrible Hoopla
The U.S. race for president is becoming an odd mix of entertainment and a train wreck that you can’t stop watching. Yet, while everyone’s emotions are being run ragged, there are some issues related to securities operations that quickly got lost in the horrible hoopla. The first securities Ops issue that I thought would be… Read More >>
Time for a CFTC User’s Fee?
Would it really be such a bad idea for the CFTC to charge a user’s fee? That issue may wind up being a spinoff from a bill put forth late last month by the Wall Street lightning rod U.S. Senator Elizabeth Warren (D-Mass.) with the support of Mark Warner (D-Va.), and Congressman Elijah Cummings (D-Md.)…. Read More >>
A Wish List for the Presidential Debates
Now that the smoke is clearing from the U.S. presidential primary battles and we have two clear winners, let me offer a few suggestions to the presumptive nominees Donald Trump for the Republicans and Hillary Clinton for the Democrats. (Bernie, please exit while you still have your dignity.) This is a wish list of Wall… Read More >>
Obama Urges Total Repeal of Dodd-Frank
President Barack “Hussein” Obama II has had second thoughts about the Dodd-Frank Act and is now willing to entirely repeal the so-called reform legislation much to the glee of Republicans everywhere. “To hell with it,” Obama said in a candid moment during an exclusive interview with FTF News. “I didn’t know it was going to… Read More >>
G.O.P. House Votes to Stall Dodd-Frank Provisions
Legislation passed the G.O.P.-dominated U.S. House of Representatives Tuesday that would scale back certain provisions of the 2010 Dodd Frank law — the latest in a series of recent victories for the law’s opponents. The bill – which would exempt end users of derivatives from onerous regulations, remove barriers to foreign regulators for obtaining data… Read More >>
An IT Veteran from UBS Joins DTCC as Congress Picks Top Posts for House Financial Services Committee
UBS IT Veteran Joins DTCC The Depository Trust & Clearing Corp. (DTCC) has hired an IT management veteran from UBS Christopher M. Behney as managing director, head of enterprise production assurance (EPA) and head of DTCC’s Dallas, Texas office, officials say. Behney will report to Robert E. Garrison, the managing director and chief information officer… Read More >>
