Commissioners of the Commodity Trading Futures Commission (CFTC) which has regulatory over the commodities markets and now, since Dodd-Frank, over derivatives, said the elections didn’t change much. At the Futures Industry Association meeting in Chicago in early November, they said that until Congress changed the terms, Dodd-Frank is the law of the land and they [...]

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The FT’s Michael Skapinker responded to a letter from 17 leading City of London figures saying: “It is essential to restate and affirm the social purpose of financial institutions … Through work we all seek to realise ourselves as people, provide for our dependants and make a contribution to the social good.” What’s it mean [...]

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What does this look like on the ground? Matt Taibbi of Rolling Stone  went to Florida to find out.  The article is available online and will appear in the 25 November issue of Rolling Stone. “When I went to sit in on Judge Soud’s courtroom in downtown Jacksonville, I was treated to an intimate, and [...]

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The November 2 elections in the U.S. brought the greatest change in national politics since the 1940s, according to Peter Hart, a national pollster often affiliated with the Democratic Party. From coast to coast, Democratic states went Republican in elections for Congressional seats and governors. “A category 5 hurricane hit the Democrats.” Voters think the [...]

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I was at the top of the Gherkin last night in London to hear the business secretary, Vince Cable, speak at the launch of the Financial Traders and Brokers Network, a new networking organisation for the City. The Lib Dem MP admitted he was entering the lion’s den somewhat, especially as the other speaker was [...]

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