Your English writing platform
Discover LudwigExact(60)
DERIVATIVES RULES The big banks and traders that dominate the $600 trillion derivatives industry will face new oversight under a plan approved Thursday by the Commodity Futures Trading Commission, which is led by Gary Gensler, left.
The namesake author of the law, Representative Barney Frank, Democrat of Massachusetts, even signed a special note to the regulator, saying "you should derive satisfaction from this," a nod to the derivatives industry that Mr. Gensler now watches over.
Proposed rules for the derivatives industry, too, vary between agencies.
Officials of the derivatives industry counter that Enron's collapse posed little threat to the financial system.
Until then, the uncertainty surrounding the derivatives industry has caused some anxiety on Wall Street.
The derivatives industry argues that the data indicates such fears are overstated.
The derivatives industry was at the center of the storm, producing billions of dollars in losses across the financial industry.
IT IS either a brilliant idea or a retirement club for ageing stars of the derivatives industry.
In passing the rule, the agencies rejected criticism that the plan was too lax on the derivatives industry.
Gary Gensler, under fierce questioning from Congressional Republicans on Thursday, defended his plans to regulate the derivatives industry.
While the agency is not the bank's front-line regulator, it does have jurisdiction over the derivatives industry.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com