James Allen, CFA, head of Americas capital markets policy at CFA Institute, reports on the Johnson-Crapo mortgage finance reform bill. The podcast also covers over-the-counter derivatives, discusses systemic risk associated with central clearinghouses, and provides the investor perspective on credit rating agency reform. This podcast was recorded on 9 June.
US and UK regulators, as well as global standard-setters, are warning market participants to prepare faster for the day Libor no longer exists. J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, said the fact that Libor will disappear from many markets "is a certainty" and financial firms must accommodate the change. MLex (subscription required) (12 Jul.)
The Justice Department is appealing a ruling by US District Judge Richard Leon that gave AT&T permission to buy Time Warner. The case will go before a three-judge panel at the US Court of Appeals for the District of Columbia Circuit. CNNMoney (12 Jul.)
Foreign direct investment in the US dropped 32% last year compared with 2016 to $259.6 billion, according to the Bureau of Economic Analysis. The total marked the second consecutive year of decrease, after a peak of $439.5 billion in 2015. Deutsche Welle (Germany) (12 Jul.)
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