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Biden Moves to Fill CFTC Vacancies – The Wall Street Journal

WASHINGTON—President Biden said he plans to nominate Rostin Behnam as chairman of the Commodity Futures Trading Commission and announced two additional picks to fill vacancies at the derivatives regulator. Mr. Behnam has served as a CFTC commissioner since 2017 and has run the agency as acting chairman since Mr. Biden took office in January.

Investment management firm Pretium jumps into legal finance – Reuters

New “legal opportunities team” led by Big Law alums to have broad focus Group will work with corporations, law firms (Reuters) – Pretium Partners LLC, an investment management firm that specializes in residential, corporate and structured credit, has launched a new legal investment group. New York-based Pretium has about $26 billion in assets under management, […]

OTC derivatives clearing: no turning back –

Global regulators have been cajoling banks to clear more derivatives for years, but the response has not always been the one they expected. The turmoil that swept the derivatives markets early last year showed it’s in lenders’ own interest to have an extra layer of protection. While investors and companies got hit hard by bouts […]

Dentons Canada advises on expanded exemptive relief for trading in OTC derivatives – JD Supra

The Ontario Securities Commission, in a passport decision, has granted exemptive relief to Global Reach Financial Solutions Inc., a provider of foreign exchange risk management and payment services, from the dealer registration and prospectus requirements of securities legislation in connection with trades in over-the-counter (OTC) derivatives with permitted counterparties and eligible commercial hedgers (November 16, […]